Business Homework Solutions
#95524
Compute their tentative minimum tax
56. Rosa and Steve, who are married, had taxable income of $225,000 for 2005. They had positive AMT adjustments of $40,000, negative AMT adjustments of $10,000, and tax preference items of $67,500.
a. Compute their AMTI.
b. Compute their tentative minimum tax.
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