What is his amti exemption amount


Cliff is married and files a joint return. His return shows AGI of $268,000 and a net tax liability of $54,512 on taxable income of $224,000. He has $30,000 of preference items and $21,000 of net positive adjustments (including adjustments for itemized deductions and exemptions). What is his AMTI exemption amount?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is his amti exemption amount
Reference No:- TGS042056

Expected delivery within 24 Hours