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Required information [The following information applies to the questions displayed below.] In 2022 , Sven is single and has $150,000 of regular taxable income. He
Required information [The following information applies to the questions displayed below.] In 2022 , Sven is single and has $150,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $3,500, state income tax of $5,500, and mortgage interest expense of $22,500 (acquisition debt of $300,000 ). He also has a positive AMT depreciation adjustment of $3,500. a. What is Sven's alternative minimum taxable income (AMTI)? Required information [The following information applies to the questions displayed below.] In each of the following independent cases, indicate the amount (1) deductible for AGI,(2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. Note: Leave no answer blank. Enter zero if applicable. a. Fran spent $94 for uniforms for use on her job. Her employer reimbursed her for $66 of this amount under an accountable plan (and did not report the reimbursement as wages)
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