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Compute amti and tentative minimum tax

Question: Rosa and Steve, who are married, had taxable income of $225,000 for 2005. They had positive AMT adjustments of $40,000, negative AMT adjustments of $10,000, and tax preference items of $67,500.

a. Compute their AMTI.

b. Compute their tentative minimum tax.

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Accounting Basics: Compute amti and tentative minimum tax

Reference No:- TGS01936614

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