Farr, who is single, has no dependents and does not itemize her deductions. she reports the following items on her 2017 tax return: bargain element from the exercise of an iso (no restrictions apply to the stock) $45,000macrs depreciation on shopping mall building acquired in 2013 49,000percentage depletion in excess of property's adjusted basis 50,000taxable income for regular income tax purposes 121,000regular tax liability 26,862b. calculate farr's amt for 2017 by completing the requirements below. click here to access exemption tables. will farr's amt exemption be limited? the tentative exemption of is ▼ at a rate of 25 cents on the dollar when amti exceeds compute farr's amti, amt base taxable income (before standard deduction and personal exemption) and amt if required, round your intermediate computations and final answer to nearest dollar. computation of amti and amt base taxable income (before standard deduction and personal exemption) $131,400 net amt adjustments and tax preferences equals: amti exemption amount amt base amt computation tentative minimum tax less: tax on regular taxable income amt