William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2019 was $87,000 and his regular tax was $15,061. His AMT adjustments totaled $126,500. Required: What is William’s AMT for 2019? (Round your intermediate computations to the nearest whole dollar amount.) William’s AMT for 2019:
William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2019 was $87,000 and his regular tax was $15,061. His AMT adjustments totaled $126,500. Required: What is William’s AMT for 2019? (Round your intermediate computations to the nearest whole dollar amount.) William’s AMT for 2019:
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 51P
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William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2019 was $87,000 and his regular tax was $15,061. His AMT adjustments totaled $126,500.
Required: What is William’s AMT for 2019? (Round your intermediate computations to the nearest whole dollar amount.)
William’s AMT for 2019:
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