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QUESTION 21 Frank is single He has $120,000 of W-2 imcome. He has $18,500 of deductible medical epeses $12,500 of emisc. itemined deductions, $7500 of

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QUESTION 21 Frank is single He has $120,000 of W-2 imcome. He has $18,500 of deductible medical epeses $12,500 of emisc. itemined deductions, $7500 of state and local taues, and claims the personal exmption of $3.9 Does Frank onwe alternative minmm tax? If so, how much? Assume there are so other potential deductions or exemptions. Also, assuese Frank's rerular income tax liabality on his tacable income is $10000 Please explain your reasoning

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