Question
Yanni, a single individual, reports the following information for the tax year. Salary $80,000 State income taxes 6,800 Mortgage interest expense 6,200 Charitable contributions 1,500
Yanni, a single individual, reports the following information for the tax year.
Salary $80,000
State income taxes 6,800
Mortgage interest expense 6,200
Charitable contributions 1,500
Interest income 1,300
Personal exemption 4,000
Compute the following for Yanni.
- Regular taxable income.
- AMT Income.
- Tentative minimum tax.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
