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Harold Milton is 66 years old and unmarried, filing single with no dependents.He had the following income and deductions for 2017. Salary Interest income from

Harold Milton is 66 years old and unmarried, filing single with no dependents.He had the following income and deductions for 2017. image text in transcribed
Salary Interest income from State Bank Dividend income (qualified) Deductible IRA contribution Tax-exempt interest income from municipal bonds Charitable contributions Medical expenses (before the floor) $177,000 12,000 18,000 5,000 State income taxes Mortgage interest expense on residence (100% acquisition debt) $18,000 19,000 Interest expense on car loan Real estate taxes on residence Miscellaneous deductions- other (before the floor) 3,000 2,000 24,000 27,000 18,000 7,000 Income taxes withheld Estimated tax payments ($2,500 per quarter) 20,000 10,000 Complete Milton's 2017 Form 1040, Schedule A, B, D, and Form 6251. In 2016, Milton had AGI of $200,000 and his income tax liability was $46,000. Salary Interest income from State Bank Dividend income (qualified) Deductible IRA contribution Tax-exempt interest income from municipal bonds Charitable contributions Medical expenses (before the floor) $177,000 12,000 18,000 5,000 State income taxes Mortgage interest expense on residence (100% acquisition debt) $18,000 19,000 Interest expense on car loan Real estate taxes on residence Miscellaneous deductions- other (before the floor) 3,000 2,000 24,000 27,000 18,000 7,000 Income taxes withheld Estimated tax payments ($2,500 per quarter) 20,000 10,000 Complete Milton's 2017 Form 1040, Schedule A, B, D, and Form 6251. In 2016, Milton had AGI of $200,000 and his income tax liability was $46,000

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