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Ashby, who is single and age 30, provides you with the following information from his financial records for 2013.

Regular income tax liability  $ 47,228

AMT positive adjustments  40,000

AMT preferences  20,000

Taxable income  195,000

Compute his AMT exemption for 2013.

a) $0.

b) $23,450.

c) $17,000.

d) $51,900.

e) None of the above.

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