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Use the following data to calculate Chiara's AMT base in 2017:
| Taxable income | $148,000 | | Positive AMT adjustments | 73,000 | | Negative AMT adjustments | 55,000 | | Preferences | 30,000 | |
Chiara will file as a single taxpayer and chooses to itemize her deductions. The personal/dependency exemption amount is $4,050.
Click here to access the exemption table. Do not round computations but round your final amounts to the nearest dollar.
| Chiara's taxable income | $152,050 | | Plus or minus: | | | | | | | | Plus: | | | | Equals: | AMTI | $ | | Less: | | | | Equals: | AMT base | $ | | |
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