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August 30, 2014

Homework Help: income tax

Posted by Addy on Monday, April 16, 2012 at 2:52pm.

Jonathan is married, files a joint return, and has one child. During 2011, Jonathan has $85,000 of taxable income. He has $20,000 of positive AMT adjustments and $28,000 of tax preferences. Since Jonathan rents his home (pays no mortgage interest) and lives in Tennessee (has no state income tax), he does not itemize his deductions but takes the standard deduction. Calculate Jonathan's AMTI (before exclusion amount).
A. $133,000.
B. $144,100.
C. $144,600.
D. $155,700.

is it C

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