Determine the amount of dantes regular income tax liability

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Reference no: EM132914648

Excel Spreadsheet

Determine the amount of Dante's regular income tax liability and the amount of Dante's current year Alternative Minimum Tax. Show your work(calculations) on the spreadsheet

AMT and Tax Liability
Dante Santana is an unmarried 29-year-old taxpayer with no dependents. Below is his current year taxable income and deductions, along with the single regular tax rate schedule and the alternative minimum tax (AMT) rate schedule. Dante itemized deductions in previous years. The current year standard deduction for single taxpayers is $12,200. Last year, Dante's itemized deductions totaled $15,000 and the standard deduction last year was $12,000.

Using the taxable income and deductions summary and tax rate schedules provided in the below, calculate the amount of Dante's current year alternative minimum tax (AMT) liability and the regular income tax liability.

Attachment:- Excel Spreadsheet.rar

Reference no: EM132914648

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