### Question
How does NORMAL TAXES AND SURTAXES define applicable amount?


### Answer
Under *26 U.S.C. § 68*, **applicable amount** is defined as:

> $100,000 ($50,000 in the case of a separate return by a married individual within the meaning of section 7703)

#### Citation:
  - *26 U.S.C. § 68*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART I-DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC.**

