42. Michelle, a single individual, reports 2011 adjusted gross income of $240,000 and has the following itemized
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42. Michelle, a single individual, reports 2011 adjusted gross income of $240,000 and has the following itemized deductions before applicable limitations:
Medical expenses $23,000 Home acquisition mortgage interest 20,000 Taxes 18,000 Charitable contributions 6,000 Miscellaneous itemized deductions 8,800
a. What are Michelle’s itemized deductions for regular tax purposes?
b. What are Michelle’s itemized deductions for AMT purposes?
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