Determine the AMT exemption amount for each of the following taxpayers: a. Nominal Corporation has..

Determine the AMT exemption amount for each of the following taxpayers:
a. Nominal Corporation has an alternative minimum taxable income of $140,000.
b. Janine is a single individual with an alternative minimum taxable income of $155,000.
c. Jagged Corporation has an alternative minimum taxable income of $220,000.
d. Peter and Wendy have an alternative minimum taxable income of $110,000.
e. Popup Corporation has an alternative minimum taxable income of $900,000.

 

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