Michelle, a single individual, reports 2016adjusted gross income of $280,000 and has the following itemized deductions before applicable limitations:
Medical expenses.........................................$ 14,000
Interest on home acquisition mortgage
interest with a principal amount of $650,000..........25,000
Interest on home equity loan with a
principal amount of $95,000...............................6,000
Taxes.........................................................18,000
Charitable contributions....................................7,000
Miscellaneous itemized deductions.......................8,800
a. What are Michelle's itemized deductions for regular tax purposes?
b. What are Michelle's itemized deductions for AMT purposes?