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Sam is single, 3 0 , and has no children. He made a salary of $ 2 5 0 , 0 0 0 with $
Sam is single, and has no children. He made a salary of $ with $ in Federal withholding. He has the following items:
Medical
Mortgage interest
Credit card interest
Property tax
Sales tax
State income tax withheld
Charitable contributions
Tax return preparation fee
Please show your work. Use tax law.
aCompute the adjusted gross income.
bCompute the itemized deductions before any limitations
cCompute the itemized deductions after any limitations
dCompute the taxable income.
eCompute the tax liability.
fIs he subject to alternative minimum tax? Why or why not?
gCompute his tax refund or tax due.
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