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Unit 6 Chapter Problems
Perform Chapter 12 Problem 31 & 32 ( pages 12-34 in the text ) and Chapter 13 Problem 2 , 42 , 43 ( pages 13-46 & 13-50 in the text )
Chapter 12
31 . LO . 2 Use the following data to calculate Chiara ’ s AMT base in 2014 :
Taxable income $ 148,000
Positive AMT adjustments 73,000
Negative AMT adjustments 55,000
Preferences 30,000
Chiara will file as a single taxpayer .
32 . LO . 2 Arthur Wesson , an unmarried individual who is age 68 , has taxable income of $ 160,000 in 2014 . He has positive AMT adjustments of $ 40,000 and preferences of $ 35,000 .
c . Draft a letter to Arthur explaining why he must pay more than the regular income tax liability . Arthur ’ s address is 100 Colonel ’ s Way , Conway , SC 29526 .
Chapter 13