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Using tables 1.4 and 3.3 of the IRS SOI a. At what dollar amount of AGI do itemized deductions substantially increase? What is the percentage
Using tables 1.4 and 3.3 of the IRS SOI
a. At what dollar amount of AGI do itemized deductions substantially increase? What is the percentage increase at that point? Why might that be? Type answer here. b. At what dollar amount of AGI does the percentage of Social Security that is taxable flatten out? Why might that be? Include a figure (chart) that depicts the flattening of the curve in the Supporting Figures tab. Be sure to include a chart title and axis labels. Type answer here. c. Describe the pattern of AMT in relation to AGI. Why might this pattern exist? Include a figure (chart) that depicts the pattern in the Supporting Figures tab. Start your figure at the level of AGI where the AMT estimates are reliable. Be sure to include a chart title and axis labels Type answer here. a. At what dollar amount of AGI do itemized deductions substantially increase? What is the percentage increase at that point? Why might that be? Type answer here. b. At what dollar amount of AGI does the percentage of Social Security that is taxable flatten out? Why might that be? Include a figure (chart) that depicts the flattening of the curve in the Supporting Figures tab. Be sure to include a chart title and axis labels. Type answer here. c. Describe the pattern of AMT in relation to AGI. Why might this pattern exist? Include a figure (chart) that depicts the pattern in the Supporting Figures tab. Start your figure at the level of AGI where the AMT estimates are reliable. Be sure to include a chart title and axis labels Type answer hereStep by Step Solution
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