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Exercise 12-22 (Algorithmic) (LO. 2, 3, 5) Yanni, who is single, provides you with the following information for 2020: Salary $92,200 State income taxes 9,220
Exercise 12-22 (Algorithmic) (LO. 2, 3, 5) Yanni, who is single, provides you with the following information for 2020: Salary $92,200 State income taxes 9,220 Mortgage interest expense 8,298 Charitable contributions 1,844 Interest income 1,383 Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: a. Yanni's taxable income: $ 74,221 b. Yanni's AMT base: 11,741 X c. Yanni's tentative minimum tax
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