Ashby, who is single and age 30, provides you with the following information from his financial records for 2013.
Regular income tax liability $ 47,228
AMT positive adjustments 40,000
AMT preferences 20,000
Taxable income 195,000
Compute his AMT exemption for 2013.
a) $0.
b) $23,450.
c) $17,000.
d) $51,900.
e) None of the above.