✏️+🎥Alternative Minimum Tax | CPA Exam TCP Questions🟢

Responses

1. 

   Karen Aranda 6 November 2024

   Good Evening,
   In viewing video, power point slides do not correspond with questions discussed in video. Thanks

   1. 

      Maroun, CPA 8 November 2024

      Hello Karen,

      I’ve updated the PowerPoint slides to ensure they align with the questions discussed in the video.
      Thank you for bringing this to our attention, and please let us know if there’s anything else we can assist with!

2. 

   Joon Kim 22 March 2026

   MCQ 5: isn’t the phase out 50%, not 25%? so shouldnt it be $50,000 * 50%?

   1. 

      Maroun, CPA 24 March 2026

      Hello Joon,

      The phaseout here is 25%, not 50%. For individual AMT, the exemption is reduced by 25% of the excess of AMTI over the phaseout threshold.

      Thus, in this question:
      AMTI = 1,250,000
      Phaseout begins at = 1,200,000
      Excess = 50,000
      Reduction = 50,000 × 25% = 12,500

      Exemption allowed:
      115,000 − 12,500 = 102,500

      Thus, the answer in the video is correct.

      Hope this helps!