Jacob is single with no dependents. During 2015, Jacob has $110,000 of taxable income. He has $38,000 of positive AMT adjustments and $22,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate Jacob's AMTI.
A) $120,300.
B) $174,000.
C) $176,300.
D)$180,300.

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The Answer of Jacob is single with no dependents. During 2015, Jacob has $110,000 of taxable income. He has $38,000 of positive AMT adjustments and $22,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate Jacob's AMTI.
A) $120,300.
B) $174,000.
C) $176,300.
D)$180,300.

Jacob Is Single with No Dependents