Fiduciary AMT Computations (LO- 1) The Perez Trust incurred the follow.docx

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Fiduciary AMT Computations (LO. 1) The Perez Trust incurred the following items this year. Do not round intermediate computations. If required, round your final answer to the nearest dollar. Perez does not hold any credits available to reduce the AMT liability. Perez\'s tentative minimum tax for the year is $ . Solution $7500 .

Fiduciary AMT Computations (LO. 1)
The Perez Trust incurred the following items this year.
Do not round intermediate computations. If required, round your final answer to the nearest
dollar.
Perez does not hold any credits available to reduce the AMT liability. Perez's tentative minimum
tax for the year is $ .
Taxable interest income $75,000
Tax-exempt interest income, not on private activity bonds 40,000
Tax-exempt interest income, on private activity bonds issued in 1999 20,000
Solution
$7500

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