I am having trouble with the last three please help ASAP! Thanks! c. Her AMT bas
ID: 2541197 • Letter: I
Question
I am having trouble with the last three please help ASAP! Thanks!
c. Her AMT base is $136,000, which includes $29,200 of qualified dividends.
d. Her AMT base is $260,000, which includes $29,200 of qualified dividends.
Required information The following information applies to the questions displayed below In 20 17, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the ollowing alternative circumstances? (Input all values as positive. Leave no answer blank. Enter zero if applicable.) b. Her AMT base is $260,000, all ordinary income 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 $ 260,000 151% 260,000 Tentative minimum tax S 67,600Explanation / Answer
(c) AMT BASE 136000
LESS DIVIDEND 29200
NET 106800
tax - 15 % on dividend 4380 (29200*15%
tax @ 26 % 27768 (106800*26%)
tax @ 28 % 29904 ( 106800*28%)
(d) AMT BASE 260000
LESS DIVIDEND 29200
NET 230800
tax - 15 % on dividend 4380 (29200*15%
tax @ 26 % 60008 (230800*26%)
tax @ 28 % 64624 ( 230800*28%)
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