What is William's AMT for 2022?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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William is not married, nor does he have any dependents. He does not itemize
deductions. His taxable income for 2022 was $87,000 and his regular tax was
$14,763. His AMT adjustments totaled $130,000.
Required:
What is William's AMT for 2022?
William's AMT for 2022
Transcribed Image Text:William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2022 was $87,000 and his regular tax was $14,763. His AMT adjustments totaled $130,000. Required: What is William's AMT for 2022? William's AMT for 2022
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