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Ms. W’s taxable income on her head of household return was $181,000, and her AMTI before...

Ms. W’s taxable income on her head of household return was $181,000, and her AMTI before exemption was $249,500. Assume that taxable income does not include any dividend income or capital gain.

Compute AMT (if any) if Ms. W’s taxable income on her head of household return was $181,000, and her AMTI before exemption was $249,500. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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Answer #1
2018 AMT Thresholds and Exemptions
Ms. W’s AMTI before exemption $249,500.00
AMTI exemption : -$70,300.00
Taxable AMTI $179,200.00
Tentative minimum tax: 179200 x 26% $46,592.00
Regular tax on $181,000 (head of household) -$38,218.00
Alternate minimum tax liability $8,374.00
Regular tax on $181,000 (head of household)
$30,698 plus 32% of the amount over $157,500
$30,698 + 32% x ($181000 - $157,500) $38,218.00
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