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Carson had the following itemized deductions in 2017: State income taxes $1,500 Charitable contributions $9,900 Mortgage interest (personal residence) $12,000 Medical expenses [8,000-(10% x 75000)]
Carson had the following itemized deductions in 2017:
| State income taxes | $1,500 |
| Charitable contributions | $9,900 |
| Mortgage interest (personal residence) | $12,000 |
| Medical expenses [8,000-(10% x 75000)] | $500 |
| Miscellaneous [2200-(2% x 75000)] | $700 |
a. What are Carson's itemized deductions for AMT purposes?
b. What is the amount of the AMT adjustment?
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Cost Accounting And Financial Management For Construction Project Managers
Authors: Len Holm
1st Edition
1138550655, 978-1138550650
