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Business, 23.08.2021 22:50 liliJ

Jacob is single with no dependents. During 2019, Jacob has $110,000 of taxable income. He has $38,000 of positive AMT adjustments and $22,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate Jacob's AMTI.

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Jacob is single with no dependents. During 2019, Jacob has $110,000 of taxable income. He has $38,00...
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