7. Pat is 40, is single, and has no dependents. She received a salary of $390,000 in 2018. She earned interest income of $11,000, dividend income of $15,000, gambling winnings of $14,000, and interest income from private activity bonds (issued in 2015) of $40,000. The dividends are not qualified dividends. The following additional information is relevant. Medical expenses (before 7.5%-of-AGI floor) State income taxes Real estate taxes Mortgage interest on residence Investment interest expense Gambling losses $12,000 8,100 4,000 13,100 3,800 5,100 Compute Pat's tentative minimum tax for 2018. 8. Farr is single, has no dependents, and does not itemize her deductions. She reports the following items on her 2018 tax return. Bargain element from the exercise of an ISO (no restrictions apply to the stock) MACRS depreciation on shopping mall building acquired in 2014 Percentage depletion in excess of property's adjusted basis Taxable income for regular income tax purposes Regular tax liability a. Determine Farr's AMT adjustments and preferences for 2018. 45,000 49,000 50,000 221,000 53,040 b. Calculate Farr's AMT for 2018