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| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
23.  Arthur Wesson, an unmarried individual who is age 68, reports 2015 taxable income of $160,000 and a regular tax liability of $38,000. Arthur itemizes his deduc-
tions, and he records AMT positive adjustments of $40,000 and tax preferences of $35,000.
a.     What is Arthur’s AMT?
b.    What is the total amount of Arthur’s tax liability?
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.
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