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?

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 1 year ago

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