In 2018, Juanita is married and files a joint tax return with her husband. what is her tentative ...
in 2018, Juanita is married and files a joint tax return with her husband. what is her tentative minimum tax in each of the following alternative: Her AMT base is $149,000 which includes $23,000 of qualified dividends.
Homework Answers
Answer..
AMT base of Juanita is $149,000 which includes qualified dividends of $23,000
Dividends taxable at 15%
1. Tax on dividends $23,000× 15%
= $3,450
AMT base taxed at regular AMT rates = $ 149,000- $23,000
= $126,000
2. AMT base taxed at 26%= $126,000× 26%
= $32,760
AMT base in excess of $182,500 = 0
Tentative minimum tax (1+2) = $3,450+ $32,760
= $36,210
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In 2018, Juanita is married and files a joint tax return with her husband. what is her tentative ...
Required information [The following information applies to the questions displayed below.] In 20...
Required information
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In 2018, Juanita is married and files a joint tax return with her
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rates.) (Input all values as positive. Leave no answer
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Required information
[The following information applies to the questions
displayed below.]
In 2018, Juanita is married and files a joint tax return with her
husband. What is her tentative minimum tax in each of the following
alternative circumstances? (Use the Dividends and capital gains tax
rates.) (Input all values as positive. Leave no answer
blank. Enter zero if applicable.)
a. Her AMT base is $161,000, all ordinary
income.
d. Her AMT base is $310,000, which includes
$32,200 of qualified dividends....
Q1. Elijah is single. He holds a $19,000 AMT credit from 2018.
In 2019, his regular tax liability is $47,500 and his tentative
minimum tax is $40,375. How much of the AMT credit can Elijah use
in 2019?
a. Bristol, who is single, has AMTI of
$570,200. Her AMT exemption is (chart below)
b. Marley and Naila are married and file a
joint tax return. Their AMTI is $1,125,200. Their AMT exemption is
(chart below)
Status Exemption $111,700 71,700 55,850...
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data and information are in the pictures posted
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