Yanni, a single individual, reports the following
by | Mar 18, 2020 | Uncategorized
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 4,000
Compute the following for Yanni.
- Regular taxable income.
- AMT Income.
- Tentative minimum tax.
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