Compute what is josephus amt liability

Reference no: EM132807782

Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $1,200,000 and reports the following items in 2019:

Taxable income $ 700,000
Tax preferences 40,000
AMT Adjustments related to itemized deductions 30,000
Regular tax liability $ 150,000

Problem 1: What is Josephus's AMT liability for 2019?

Reference no: EM132807782

Questions Cloud

What the year-over-year decrease for net income was : Net Income on the income statement for the Badger Inn was $75,000 while Net Income for 2016 was $100,000. The year-over-year decrease for net income was

How do determine equivalent units and assignment of costs : How do determine the equivalent units and the assignment of costs to units transferred-out and inventories using the FIFO method using the worksheet.

Find valuable resources people : Describe how to effectively manage human capital and properly assess knowledge, skills, and abilities to find valuable resources people.

Orientation training programme for the sales associates : With reference to the different stages in the training model/ approach that you have studied, plan an orientation training programme for the sales associates.

Compute what is josephus amt liability : Compute What is Josephus's AMT liability for 2019? Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $1,200,000 and reports

What are reasons and counter-reasons : What are reasons and counter-reasons for not evaluating training programs?

List four possible sources of human resource specialist : 1. List four possible sources of human resource specialist assistance your organisation could use.

What gain should cline include in gross income for tax year : Johnson paid $20,000 down and agreed to pay $16,000 per year, plus interest, what gain should Cline include in gross income for the tax year of sale?

Poor product design or poor product quality : To what extent do you believe a supply chain can be redesigned to compensate for poor product design or poor product quality?

User Account

All Pages