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1. Ashby, who is single and age 30, provides you with the following information from...

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Accounting

1. Ashby, who is single and age 30, provides you with the following information from his financial records for 2017.

Regular income tax liability $ 47,228
AMTI 225,000
Taxable income 195,000

Calculate his AMT exemption for 2017.

a.$0

b.$26,075

c.$28,225

d.$54,300

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