Question

Robin, who is a head of household and age 42, provides you with the following information from his financial records for 2019. Robin itemizes deductions. Regular income tax liability $142,125 PositiveAMT adjustments 30,000 AMT preferences 100,000 Taxable income 481,000 Calculate Robin's AMT for 2019. a.$12,636. b.$3,757. c.$12,032. d.$15,126.

Answer 1

Answer:

$15,158.

Explanation:

We can calculate the Robin's AMT for 2019 by first deducting the AMT exemption for 2019 and then multiplying it by the rate of 26% FOR 2019.

DATA

AMT preferences 100,000

PositiveAMT adjustments 30,000

Total AMT = $100,000 + $30,000 = $130,000

Solution

Exemption for 2019 = $71,700.

Robin's AMT for 2019 = ($130,000 - $71,700) × 26%

Robin's AMT for 2019 = $15,158.