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

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Accounting

Ashby, who is single and age 30, provides you with the following information from his financial records for 2016.

Regular income tax liability

$ 47,228

AMTI

225,000

Taxable income

195,000

Calculate his AMT exemption for 2016.

a.

$0

b.

$17,000

c.

$27,575

d.

$53,900

Answer & Explanation Solved by verified expert
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