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Jacob is single with no dependents. During 2016, he has $48,000 of taxable income. He...

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Accounting

Jacob is single with no dependents. During 2016, he has $48,000 of taxable income. He also has $28,000 of positive AMT adjustments and $12,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate his AMTI.

a..$94,300.

b..$91,950.

c..$88,000.

d..$98,350.

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