LO.2, 3, 4 Pat, who is single with no dependents, received a salary of $90,000 in 2012.

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LO.2, 3, 4 Pat, who is single with no dependents, received a salary of $90,000 in 2012.

She had interest income of $1,000, dividend income of $5,000, gambling income of

$4,000, and interest income from private activity bonds (issued in 2006) of $40,000. The dividends are not qualified dividends. The following additional information is relevant:

Medical expenses (before 7.5%-of-AGI floor) $12,000 State income taxes 4,100 Real estate taxes 2,800 Mortgage interest on residence 3,100 Investment interest expense 1,800 Gambling losses 5,100 Compute Pat’s tentative minimum tax for 2012.

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