Yanni, who is single, provides you with the following information for 2017. Salary ........................................................... $80,000 State income
Question:
Yanni, who is single, provides you with the following information for 2017.
Salary ........................................................... $80,000
State income taxes .................................... 6,800
Mortgage interest expense ...................... 6,200
Charitable contributions ........................... 1,500
Interest income .......................................... 1,300
Personal exemption .................................. 4,050
a. What is Yanni’s 2017 taxable income?
b. What is Yanni’s 2017 AMTI?
c. What is Yanni’s 2017 TMT?
Step by Step Answer:
Yannis taxable income a is 62750 his AMTI b is 193...View the full answer
South Western Federal Taxation Individual Income Taxes 2018
ISBN: 9781337385893
41st Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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