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10. (6 POINTS) Phoebe and Mike, who are married and file jointly, have 2019 Alternative...

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Accounting

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10. (6 POINTS) Phoebe and Mike, who are married and file jointly, have 2019 Alternative Minimum Taxable income of $148,000. Their 2019 regular taxable income amount is $90,000. Determine the amount of tax Phoebe and Mike will have to pay. Are they subjec to the Alternative Minimum Tax

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