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Buy here: http:// student. land / ac-309-unit-6-chapter-problems /
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