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What would williams amt liability

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Reference no: EM132718820

William and Maria Smith are married couple filing jointly. They have no children and report the following items in 2019:

Taxable Income 100,000
Tax Preference 20,000
AMT adjustments related to itemized deductions 30,000
Regular tax liability 13,717

Problem 1: What is the Smiths AMT liability?

Problem 2: What would Williams AMT liability if he were an unmarried taxpayer filing single with regular tax liability of $18,175?

Reference no: EM132718820

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