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In 2017, Ana (who files as head of household) reported regular taxable income of $115,000. She...

In 2017, Ana (who files as head of household) reported regular taxable income of $115,000. She itemized her deductions, deducting $10,000 of charitable contributions and $3,000 in state income taxes. She claimed exemptions for herself and her son, Hector. What is Julia's alternative minimum taxable income?

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Expert Solution

Total alternative minimum tax = Regular tax income + Total exemptions claimed + state income tax

                                                        = 115000 + 3000

                                                         = 118000

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Hope that helps.

Feel free to comment if you need further assistance J

ekkarill92 answered 9 months ago
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