Michelle, a single individual, reports 2013 adjusted gross income of $280,000 and has the following itemized deductions before applicable limitations:
Medical expenses.....................................................................$14,000
Interest on home acquisition mortgage with
a principal amount of $650,000......................................................25,000
Interest on home equity loan with a principal amount of $95,000................6,000
Taxes.....................................................................................18,000
Charitable contributions.................................................................7,000
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?