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Renee and sanjeev who are married report taxable income of

Question - Renee and Sanjeev, who are married, report taxable income of $273,000. They computed positive AMT adjustments of $38,000, negative AMT adjustments of $14,000, and AMT preference items of $67,500. The couple itemizes their deductions.

1. Compute their AMTI.

2. Compute their tentative minimum tax.

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Accounting Basics: Renee and sanjeev who are married report taxable income of

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Accounting Basics: Renee and sanjeev who are married report taxable income of

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