In 2022, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the following alternative circumstances? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. Note: Input all values as positive. Leave no answer blank. Enter zero if applicable. Required: a. Her AMT base is $105,000, all ordinary income. b. Her AMT base is $405,000, all ordinary income. c. Her AMT base is $105,000, which includes $33,200 of qualified dividends. d. Her AMT base is $405,000, which includes $33,200 of qualified dividends.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In 2022, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the following
alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.
Note: Input all values as positive. Leave no answer blank. Enter zero if applicable.
Required:
a. Her AMT base is $105,000, all ordinary income.
b. Her AMT base is $405,000, all ordinary income.
c. Her AMT base is $105,000, which includes $33,200 of qualified dividends.
d. Her AMT base is $405,000, which includes $33,200 of qualified dividends.
Complete this question by entering your answers in the tabs below.
Required A Required B Required C Required D
Her AMT base is $105,000, all ordinary income.
Description
(1) AMT base
(2) Dividends taxed at preferential rate
(3) Tax on dividends
(4) AMT base taxed at regular AMT rates
(5) Tax on AMT base taxed at 26% rate
(6) Tax on AMT base taxed at 28% rate
Tentative minimum tax
Amount
< Required A
Required B >
Transcribed Image Text:In 2022, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. Note: Input all values as positive. Leave no answer blank. Enter zero if applicable. Required: a. Her AMT base is $105,000, all ordinary income. b. Her AMT base is $405,000, all ordinary income. c. Her AMT base is $105,000, which includes $33,200 of qualified dividends. d. Her AMT base is $405,000, which includes $33,200 of qualified dividends. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Her AMT base is $105,000, all ordinary income. Description (1) AMT base (2) Dividends taxed at preferential rate (3) Tax on dividends (4) AMT base taxed at regular AMT rates (5) Tax on AMT base taxed at 26% rate (6) Tax on AMT base taxed at 28% rate Tentative minimum tax Amount < Required A Required B >
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