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Status Married, joint Single or head of household Married, separate Exemption $114,600 73,600 57,300 Phaseout Begins at $1,047,200 523,600 523,600 Ends at $1,505,600 818,000 752,800
Status Married, joint Single or head of household Married, separate Exemption $114,600 73,600 57,300 Phaseout Begins at $1,047,200 523,600 523,600 Ends at $1,505,600 818,000 752,800 Exercise 12-22 (Algorithmic) (LO. 2, 3, 5) Yanni, who is single, provides you with the following information for 2021: Salary $113,800 State income taxes 11,380 Mortgage interest expense on principal 10,242 residence Charitable contributions 2,276 Interest income 1,707 Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: a. Yanni's taxable income: 89,902 X b. Yanni's AMT base: 29,389 c. Yanni's tentative minimum tax: 7,641 LA Yanni, who is single, provides you with the following information for 2021: Salary $113,800 State income taxes 11,380 Mortgage interest expense on principal 10,242 residence Charitable contributions 2,276 Interest income 1,707 Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: a. Yanni's taxable income: 102,989 X b. Yanni's AMT base: 29,389 c. Yanni's tentative minimum tax: 7,641 Status Married, joint Single or head of household Married, separate Exemption $114,600 73,600 57,300 Phaseout Begins at $1,047,200 523,600 523,600 Ends at $1,505,600 818,000 752,800 Exercise 12-22 (Algorithmic) (LO. 2, 3, 5) Yanni, who is single, provides you with the following information for 2021: Salary $113,800 State income taxes 11,380 Mortgage interest expense on principal 10,242 residence Charitable contributions 2,276 Interest income 1,707 Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: a. Yanni's taxable income: 89,902 X b. Yanni's AMT base: 29,389 c. Yanni's tentative minimum tax: 7,641 LA Yanni, who is single, provides you with the following information for 2021: Salary $113,800 State income taxes 11,380 Mortgage interest expense on principal 10,242 residence Charitable contributions 2,276 Interest income 1,707 Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: a. Yanni's taxable income: 102,989 X b. Yanni's AMT base: 29,389 c. Yanni's tentative minimum tax: 7,641
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