South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
42nd Edition
ISBN: 9781337702546
Author: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
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Chapter 12, Problem 3CPA

Carol reports taxable income of $48,000. Included in that calculation are the following items.

Chapter 12, Problem 3CPA, Carol reports taxable income of 48,000. Included in that calculation are the following items. Carol

Carol also had excluded municipal bond interest income of $8,000, $3,000 of which was deemed to be private activity bond interest. What are Carol’s total alternative minimum tax (AMT) adjustments?

  1. a. $1,200
  2. b. $2,000
  3. c. $3,000
  4. d. $6,750
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South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)

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