Yanni, a single individual, reports the following information for the tax year. Salary ........................................................$80,000 State income taxes

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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.

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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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