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Carson had the following itemized deductions in 2015: State income taxes $1,000 Charitable contributions 7,800 Mortgage interest (personal residence) 7,000 Medical expenses [$8,100 (10% $75,000)]
Carson had the following itemized deductions in 2015:
| State income taxes | $1,000 |
| Charitable contributions | 7,800 |
| Mortgage interest (personal residence) | 7,000 |
| Medical expenses [$8,100 (10% $75,000)] | 600 |
| Miscellaneous [$2,250 (2% $75,000)] | 750 |
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a. What are Carsons itemized deductions for AMT purposes?
b. What is the amount of the AMT adjustment
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Efficient Auditing Of Private Companies A Guide To Audit Planning Implementation And Control
Authors: The Institute Of Chartered Accountants
1st Edition
1841400432, 978-1841400433
