Beatrice's AMT

Related BrainMass Solutions

• Chapter 11 Personal Finance Questions

  Beatrice's regular income tax liability is $170,000 and her tentative AMT is $240,000. Beatrice's AMT is: a. $0. b. $70,000. c. $240,000. d. $410,000. e. None of the above.

• Circular Motion in Cycling

  The radius of Dan's wheel is larger than Beatrice's wheel, hence the rotational velocity of Dan's wheel is smaller than the rotational velocity of Beatrice's wheel.

• Negligently Incurred Work Injuries

  The employer attempts to show that it was the acts of one of Beatrice's coworkers that caused Beatrice's injuries. The employer is asserting: Answer A.the fellow servant rule. B.assumption of the risk.

• AMT and Wolfgang's Itemized Deductions

  b) What is the amount of the AMT adjustment.

• taxpayer required to pay the AMT

  228922 When is a taxpayer required to pay the AMT? Differences between AMT and regular tax When is a taxpayer required to pay the AMT? What are the differences between the AMT and regular tax?

• This posting thoroughly discusses the AMT.

  Corporations subject to AMT begin employing AMT by modifying regular taxable income by a series of adjustments and preferences.

• Sharon, a single taxpayer, has taxable income of $100,000, a regular tax liability of $26,560, a positive AMT adjustment due to limitations on itemized deductions of $20,000, and tax preferences of $25,000 in 2006. What is Sharon's AMT for 2006? Can you please show me step by step how this is calculated?

  Therefore her AMT Income for AMT tax purposes is 131,560 - 57,785 = 73,775. Now, we take 28% of that amount to get 20,657. I hope this makes it easier to understand AMT. The solution provides calculation and reason shown for you. No references.

• Alternative Minimum Tax

  So Taxable income = $50,000 Plus AMT adj $37,875 AMT Income 87,875 Exemption - 40,250 Minimum Tax Base 47,625 AMT Rate (26%) $12,383 Minus Regular tax $8,558 AMT Tax $3,825 Reference Wests

• This post addresses alternative minimum tax (AMT).

  471250 alternative minimum tax (AMT) Enacted in the 1960s, the AMT was designed to insure high-income taxpayers pay tax. Today, more and more middle-income taxpayers are being impacted by the AMT rules. Should the AMT be changed or eliminated?