Question
In 2018, Deon and NeNe are married filing jointly. Deon and NeNes taxable income is $1,150,300, and they itemize their deductions as follows: real property
In 2018, Deon and NeNe are married filing jointly. Deon and NeNes taxable income is $1,150,300, and they itemize their deductions as follows: real property taxes of $13,200, charitable contributions of $27,050, and mortgage interest expense of $57,600 ($700,000 acquisition debt for home). Use Exhibit 8-5 and Tax Rate Schedule for reference. a. What is Deon and NeNe's AMT?
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
16th Edition
027377817X, 978-0273778172
