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Use the following data to calculate Chiara's AMT base in 2017: ...

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Accounting

Use the following data to calculate Chiara's AMT base in 2017:

Taxable income $148,000
Positive AMT adjustments 73,000
Negative AMT adjustments 55,000
Preferences 30,000

Chiara will file as a single taxpayer and chooses to itemize her deductions. The personal/dependency exemption amount is $4,050.

Click here to access the exemption table. Do not round computations but round your final amounts to the nearest dollar.

Chiara's taxable income $152,050
Plus or minus:
Plus:
Equals: AMTI $
Less:
Equals: AMT base $

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