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Create a table for the answer to this problem. Include these categories: AMT; Regular Tax: Adjustment. Charles had the following itemized deductions in 2014: State

Create a table for the answer to this problem. Include these categories: AMT; Regular Tax: Adjustment.

Charles had the following itemized deductions in 2014:

State income taxes

$3,000

Charitable contributions

4,900

Mortgage interest (personal residence)

14,000

Medical expenses [$8,000-(7.5% $75,000)]

2,375

Miscellaneous [$3,200-(2%$75,000)]

1,700

What are Charles itemized deductions for AMT purposes?

What is the amount of the AMT adjustment?

Please keep all figures

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