15. Which of the following is a positive adjustment for AMT?

a. Standard deduction.

b. Real property taxes.

c. Student loan interest.

d. All of the above.

e. None of the above.

16. Which of the following is not an itemized deduction allowed for AMT purposes?

a. Gambling losses.

b. Charitable contributions.

c. Property tax on realty.

d. Medical expenses in excess of 10 percent of AGI.

e. None of the above are correct.

17. Several years ago, Freddie purchased a structure for $50,000 that was originally placed in service in 1929. In the current year, he incurred qualifying rehabilitation expenditures of $100,000. The amount of the tax credit for rehabilitation expenditures, and the amount by which the building