Donna, a single individual with no dependents, reports AGI of $100,000. She also reports the following itemized deductions:
Medical expenses ($11,000 total – 7.5% of AGI) ....................................................................$3,500
Interest on her home acquisition mortgage ($250,000 principal amount) ........................10,000
Property taxes on her principal residence ...............................................................................3,000
State income taxes .......................................................................................................................6,000
Qualified charitable contributions ..............................................................................................5,000
What are Donna’s allowable deductions for her alternative minimum taxable income (AMTI)?
a. $10,000
b. $16,000
c. $18,000
d. $28,000