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11. Sam is single, 30, and has no children. He made a salary of $250,000 with $40,000 in Federal withholding. He has the following items:

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11. Sam is single, 30, and has no children. He made a salary of $250,000 with $40,000 in Federal withholding. He has the following items: Medical 8,000 Mortgage interest 5,000 Credit card interest 2,000 Property tax 2,500 Sales tax 1,500 State income tax withheld 22,000 Charitable contributions 1,000 Tax retum preparation fee 500 Please show your work. Compute the adjusted gross income. Compute the itemized deductions before any limitations. Compute the itemized deductions after any limitations. Compute the taxable income. Compute the tax liability. Is he subject to alternative minimum tax? Why or why not? Compute his tax refund or tax due

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