Applying the AMT rules, Lucinda has the following in 2011: Gross income $250,000 Deductions 75,000 Tax preferences 65,000 If Lucinda’s regular income…

Applying the AMT rules, Lucinda has the following in 2011:Gross income $250,000Deductions 75,000Tax preferences 65,000If Lucinda’s regular income tax liability is $42,647, her AMTI is:a. $117,647.b. $186,000.c. $240,000.d. $315,000.e. None of the above

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