Federal Alternative Minimum Tax
| 1998 | 1999 | |
|---|---|---|
| Taxable income | 65,637 | 319,042 |
| Less deductions phased out | (6,672) | |
| Add taxes | 21,663 | 26,630 |
| Add personal exemptions | 2,700 | |
| Adjustments for incentive stock options | 199,000 | (199,000) |
| AMT taxable income | 289,000) | 140,000) |
| AMT exemption | 33,750) | 33,750) |
| Reduction for excess income | (33,750) | (6,875) |
| Net allowable exemption | 0) | 26,875) |
| Income subject to AMT | 289,000) | 113,125) |
| Tentative minimum tax | 77,420) | 26,412) |
| Regular tax | 15,206) | 66,287) |
| Alternative minimum tax | 62,214) | 0) |