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Question - Corbin reported adjusted gross income of $170,000. Other information is as follows
Standard deduction 6300
Personal exemption 4000
Property and local taxes paid 5000
Business expenses subject to the 2% AGI threshold 10,000
What amount is added back to taxable income as an adjustment in the calculation of Corbin's alternative minimum taxable income?
a. $21,900
b. $15,300
c. $25,300
d. $17,900
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