In 2017, Liam's filing status is married filing separately. For regular tax purposes, he claims a dependency exemption for himself and three personal exemptions ($16,200 in total). Liam does not itemize deductions; his regular taxable income is $56,000 .
What is Liam's 2017 AMT base?
a. $20,100.
b. $36,300.
c. $42,250.
d. $78,550.
b
RATIONALE: The calculation of the AMT base in this problem is made easier by the fact that the taxpayer's AMT exemption amount is not subject to phase out.
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