!n 2018, Sven is single and has $120,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,000, state income tax of $4,000, and mortgage interest expense of $15,000 (acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $500.

a. What is Svens alternative minimum taxable income (AMTI)?

(1) Regular Tax Income =

(2)Personal exemption=

(3)Real property taxes=

(4)State income taxes=

(5)Depreciation =

AMTI =