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4. In 2019, Maia (who files as a head of household) reported regular taxable income of $115,000. She itemized her deductions, among them deductions of

4. In 2019, Maia (who files as a head of household) reported regular taxable income of $115,000. She itemized her deductions, among them deductions of $8,000 in charitable contributions and $3,000 in state income taxes. What is Maias alternative minimum taxable income?

a, $115,000

b, $118,000

c, $123,000

d, $126,000

17, Individual taxpayers are not required to file a tax return unless their gross income passes a certain threshold. This threshold is generally the ________.

a, applicable standard deduction amount

b, AMT exemption amount

c, twice the applicable standard deduction amount

d, applicable standard deduction amount plus the personal exemption amount

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