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Harold J. Milton (SSN 000-22-1111) is 66 years old is unmarried filing single with no dependents. He had the following income and deductions for 2016:

Harold J. Milton (SSN 000-22-1111) is 66 years old is unmarried filing single with no dependents. He had the following income and deductions for 2016:

Salary $177,000 State

income taxes 18,000

Interest income from bank 12,000

Mortgage interest expense on residence 19,000

Dividend income (qualified) 18,000

Deductible IRA contribution 5,000

Interest expense on car loan 3,000

Tax-exempt interest from municipal bonds 24,000

Real estate taxes on residence 2,000

Charitable contributions 27,000

Miscellaneous deductionsother (before the 2% AGI floor) 7,000

Income taxes withheld 20,000

Estimated tax payments ($2,500 per quarter) 10,000

Complete Miltons 2011 Form 1040, Schedule A, B, D, Form 6251, and Form 8690 . Milton had AGI in 2016 of $200,000 and his 2016 income tax liability was $46,000

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