12-48 (LO. 2, 3, 4, 5) Lynn, age 45, is single and has no dependents. Her income and expenses for 2021 are reported as follows. Income Salary Taxable interest on corporate bonds Business income $233,000 13,700 64,000 Expenses Home office expense deduction (associated with sole proprietorship) 3,200 State income taxes 6,000 Real property taxes 8,500 Home mortgage (qualified housing) interest 9,200 Home equity loan interest 2,500 Investment interest 15,500 Cash contributions to various charities 2,900 The $64,000 business income is from Apex Office Supplies Company, a sole proprietorship that Lynn owns and operates. Apex claimed MACRS depreciation of $3,175 on personal property used in the business and placed in service in the current year. Lynn received interest of $30,000 on City of Pensacola private activity bonds that were issued in 2015. Based on the financial information presented above, compute Lynn's AMT for 2021. Ignore the one-half deduction for self-employment taxes for this problem, Click here to access the Tax Rate Schedules. Click here to access exemption tables. If an amount is zero, enter "0". Round your intermediate computations and final answers to nearest dollar. Gross income Adjusted gross income Less: deductions from AGI Taxable income Regular tax calculation Total tax 233,000 Computation of alternative minimum tax Taxable income Plus: positive adjustments and tax preferences Less: negative adjustment 000 C Adjusted gross income Less: deductions from AGI Taxable income Regular tax calculation Total tax Computation of alternative minimum tax Taxable income Plus: positive adjustments and tax preferences Less: negative adjustment Alternative minimum taxable income Less: AMT exemption AMT base TMT AMT 307