Check my work 9 Required information The following information applies to the qu
ID: 2530851 • Letter: C
Question
Check my work 9 Required information The following information applies to the questions displayed below.,J In 2017, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the Part 1 of 4 following alternative circumstances? (Input all values as positive. Leave no answer blank. Enter zero if applicable.) Skipped a. Her AMT base is $119,000, all ordinary income eBook Print Description Amount (1) AMT base (2) Dividends taxed at preferential rate (3) Tax rate applicable to dividends (4) Tax on dividends (5) AMT base taxed at regular AMT rates (6) Tax on AMT base taxed at 26% rate (7) Tax on AMT base taxed at 28% rate 15 % Tentative minimum taxExplanation / Answer
ans a AMT base is $119000 Description Amount 1 AMT base $119,000 2 Dividends taxed at preferential rate 0 3 Tax rate applicable to dividends 15 % 4 Tax on dividends 0 5 AMT base taxed at regular AMT rates $119,000 1-2 6 Tax on AMT base taxed at 26% rate $30,940 119000*26% 7 Tax on AMT base taxed at 28% rate 0 Tentative minimum tax $30,940 4+6+7 ans b AMT base is $350000 Description Amount 1 AMT base $350,000 2 Dividends taxed at preferential rate 0 3 Tax rate applicable to dividends 15 % 4 Tax on dividends 0 5 AMT base taxed at regular AMT rates $350,000 1-2 6 Tax on AMT base taxed at 26% rate $48,828 187800*26% 7 Tax on AMT base taxed at 28% rate 45416 (350000-187800)*28% Tentative minimum tax $94,244 4+6+7 ans c AMT base is $119000 ans 32700 of dividend Description Amount 1 AMT base $119,000 2 Dividends taxed at preferential rate 32700 3 Tax rate applicable to dividends 15 % 4 Tax on dividends 4905 5 AMT base taxed at regular AMT rates $86,300 1-2 6 Tax on AMT base taxed at 26% rate $22,438 86300*26% 7 Tax on AMT base taxed at 28% rate 0 Tentative minimum tax $27,343 4+6+7 ans d AMT base is $350000 and 32700 qualified dividend Description Amount 1 AMT base $350,000 2 Dividends taxed at preferential rate 32700 3 Tax rate applicable to dividends 15 % 4 Tax on dividends 4905 5 AMT base taxed at regular AMT rates $317,300 1-2 6 Tax on AMT base taxed at 26% rate 48828 187800*26% 7 Tax on AMT base taxed at 28% rate 36260 (317300-187800)*28% Tentative minimum tax $89,993 4+6+7