Test:CPA Regulation (REG)

1.

West is single, has no dependents, and does not itemize. West provides the following information regarding his current-year’s return:

  • Long-term capital gain: $ 15,000
  • Percentage depletion in excess of property’s adjusted basis: 9,000
  • Dividends from publicly held companies: 10,000

What is the amount of West’s AMT tax preference items?

$34,000

$9,000

$19,000

$24,000

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