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What is the total amount of Arthur tax liability

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Problem - Arthur Wesson, an unmarried individual who is age 68, reports taxable income of $510,000 in 2019. He records positive AMT adjustments of $80,000 and preferences of $35,000. Arthur itemizes his deductions, and his regular tax liability in 2019 is $153,694.

Required -

a. What is Arthur's AMT?

b. What is the total amount of Arthur's tax liability?

c. Draft a letter to Arthur explaining why he must pay more than the regular income tax liability. Arthur's address is 100 Colonel's Way, Conway, SC 29526.

Reference no: EM132669479

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