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What would Williams AMT liability

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Reference no: EM132761953

Question - 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

Required -

1. What is the Smiths AMT liability?

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

Reference no: EM132761953

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