Yanni, a single individual, reports the following information for the tax year. Salary ........................................................$80,000 State income taxes
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
Interest income ..........................................1,300
Personal exemption ..................................4,050
Compute the following for Yanni.
a. Regular taxable income.
b. AMT income.
c. Tentative minimum tax.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
Question Posted: