Have Start-Up Equity? Don't Forget About AMT
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# Data_Tax CalculationData_Tax Calculation

This is your specific calculation from the input sheet

## Calculation of Federal Tax:

Federal Tax Owed
1
Taxable Income
S_FInal
E_Final
Federal
Federal Tax
1
\$304,900
\$0.00
\$19,900.00
10%
\$1,990.00
2
\$304,900
\$19,901.00
\$80,800.00
12%
\$7,307.88
3
\$304,900
\$80,801.00
\$81,050.00
12%
\$29.88
4
\$304,900
\$81,051.00
\$172,750.00
22%
\$20,173.78
5
\$304,900
\$172,751.00
\$250,000.00
24%
\$18,539.76
6
\$304,900
\$250,001.00
\$329,850.00
24%
\$13,175.76
Total Federal Income Tax Owed:
\$61,217.06

## Calculation of AMT Tax:

### Calculate Total AMT Income

➕ AMT Gain
\$426,250
➕ Gross Income
\$330,000
✔️ Total AMT Income
\$756,250

### Calculate Exemption

➕ AMT Exemption Phaseout
\$1,036,800
➖Total AMT Income
\$756,250
✔️ Over Phaseout
0
✖️ Exemption Reduction Rate
0.25
✔️ AMT Exemption Reduction
0
➖ Gross Exemption Allowed
\$114,600
✔️ Net Exemption Allowed
\$114,600
✔️ Taxed AMT Income
\$641,650

### Calculate AMT Tax

✔️ Taxed AMT Income
\$641,650
✖️ 26% Rate Amount
\$197,900
✖️ 28% Rate Amount
\$443,750
✔️ AMT Tax Total
\$175,704
➖ Federal Income Tax Payable
\$61,217.06
✔️ AMT Tax Payable
\$114,486.94