Question
John is a single taxpayer during 2018. His charitable contributions for 2018 were $7,000, he paid $7,000 for real estate taxes on his home, and
John is a single taxpayer during 2018. His charitable contributions for 2018
were $7,000, he paid $7,000 for real estate taxes on his home, and $2,000
in interest on a home equity loan used to pay his past due credit card bills.
His "regular" taxable income is $100,000. What is John's AMTI for 2018?
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Financial Accounting
Authors: Anne Britton, Chris Waterston
5th edition
273719300, 273719304, 978-0273719304
