filed a joint tax return with her husband. -her AMTI is $395,000. What sh the amount of AMT exemption.
filed a joint tax return with her husband. -her AMTI is $395,000. What sh the amount of AMT exemption.
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
Problem 26P
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Olga is married and filed a joint tax return with her husband.
-her AMTI is $395,000. What sh the amount of AMT exemption.
![EXHIBIT 8-5 2022 AMT Exemptions
Filing Status
Married filing jointly
Married filing separately
Head of household and single
Exemption
$118,100
59,050
75,900
Phase-Out Begins at
This Level of AMTI
$1,079,800
539,900
539,900
Phase-Out Complete
for This Level of
AMTI
$1,552,200
776,100
843,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4fdd5d65-7352-48f5-bff8-28368afb7b3f%2Fff495063-1a6c-4600-831d-83e77dd2d10e%2Fib9sf7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:EXHIBIT 8-5 2022 AMT Exemptions
Filing Status
Married filing jointly
Married filing separately
Head of household and single
Exemption
$118,100
59,050
75,900
Phase-Out Begins at
This Level of AMTI
$1,079,800
539,900
539,900
Phase-Out Complete
for This Level of
AMTI
$1,552,200
776,100
843,500
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