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Calculate his AMT exemption

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Reference no: EM132608163

Question - Ashby, who is single and age 30, provides you with the following information from his financial records for 2018.

Regular income tax liability $78,940

AMTI 525,000

Taxable income 295,000

Calculate his AMT exemption for 2018?

1. $0

2. $6,250

3. $64,050

4. $70,300

Reference no: EM132608163

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