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    Principles of Taxation
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    Exam 14: The Individual Tax Formula
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    Mr and Mrs
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Mr and Mrs

Question 10

Question 10

Multiple Choice

Mr. and Mrs. Stern reported $312,400 alternative minimum taxable income before any exemption on their 2011 Form 1040. Calculate their AMT exemption.


A) $0
B) $40,600
C) $74,450
D) None of the above

Correct Answer:

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