c. Her AMT base is $120,000, which includes $13,000 of qualified dividends.
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 73P
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![Required information
[The following information applies to the questions displayed below.]
In 2023, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the
following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.
Note: Input all values as positive. Leave no answer blank. Enter zero if applicable.
c. Her AMT base is $120,000, which includes $13,000 of qualified dividends.
Description
(1) AMT base
(2) Dividends taxed at preferential rate
(3) Tax on dividends
(4) AMT base taxed at regular AMT rates
(5) Tax on AMT base taxed at 26% rate
(6) Tax on AMT base taxed at 28% rate
Tentative minimum tax
Amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6b1f3d29-7b5a-4f4e-80b4-ea5067b77bbd%2Fea11dde3-238f-4c6f-8255-acb29c6229bd%2Fyvjcmc3_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
In 2023, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the
following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.
Note: Input all values as positive. Leave no answer blank. Enter zero if applicable.
c. Her AMT base is $120,000, which includes $13,000 of qualified dividends.
Description
(1) AMT base
(2) Dividends taxed at preferential rate
(3) Tax on dividends
(4) AMT base taxed at regular AMT rates
(5) Tax on AMT base taxed at 26% rate
(6) Tax on AMT base taxed at 28% rate
Tentative minimum tax
Amount
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