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QUESTION
Mandy, who is single and age 33, provides you with the following information from her financial records for 2016.
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Mandy, who is single and age 33, provides you with the following information from her financial records for 2016.
- Regular income tax liability $ 8,000
- AMT adjustments 10,000
- AMT preferences 20,000
- Taxable income 75,000
Calculate her AMT for 2016
a.$5,286
b.$8,000
c.$13,286
d.0.
