Brooklyn files as a head of household for 2015 and claims a total of three exemptions (3

Question:

Brooklyn files as a head of household for 2015 and claims a total of three exemptions (3 × $4,000 5 $12,000). She claimed the standard deduction of $9,250 for regular tax purposes. Her regular taxable income was $80,000. What is Brooklyn's AMTI?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Taxation Of Individuals And Business Entities 2016

ISBN: 9781259334870

7th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

See More Books

Question Posted: Dec 27, 2017 09:55 AM

See More Questions

Jaclyn Biggs, who files as a head of household, never paid AMT before 2015. In 2015, her $197,900 taxable income included $178,000 ordinary income and a $19,900 capital gain taxed at 15 percent. Her...
Donna files as a head of household in 2015 and has taxable income of $90,000, including the sale of a stock held as an investment for two years at a gain of $20,000. Only one asset was sold during...
Donna files as a head of household in 2016 and has taxable income of $90,000, including the sale of a stock held as an investment for two years at a gain of $20,000. Only one asset was sold during...
Below is the article related to the funding and construction of the SD Padres' ballpark in downtown San Diego. The article below relates to the Padres' decision to incur substantial payoff...
An uninsulated cylinder fitted with a piston contains air at 500 kPa, 200C, at which point the volume is 10 L. The external force on the piston is now varied in such a manner that the air...
23. A convex mirror used for rear view on an automobile has a radius of curvature of 3m. If a bus is located at 5m from this mirror, find the position, nature and magnification of the image. 24. An...
It is claimed that problem definition and decision-making are intertwined. Explain.
Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. Required: Prepare Tiger?s statement of cash flows, using the indirect method to present...
What are the FASB codifications regarding auction rate securities, collateralized debt obligations, fixed-for-float OTC gas swap, and auction rate securities?
The three forces are applied to the bracket. Determine the range of values for the magnitude of force P so that the resultant of the three forces does not exceed 2400 N. 3000 N 90%- Prob. 2-38 800 N...
In 2015, Carson is claimed as a dependent on his parent's tax return. His parents' ordinary income marginal tax rate is 28 percent. Carson's parents provided most of his support. What is Carson's tax...
Sylvester files as a single taxpayer during 2015 and claims one personal exemption. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,000, real estate taxes of...
Legend: 1|2 represents 1.2 Determine the original set of data. 1246 214779 3 3335778 4 011366889 5 3458 6 24
The COSO framework of internal controls is practiced within companies around the world. The objectives of the COSO framework are closely related to its five components. For this assignment, please...
How do you determine whether to add a header account or a detail account, and how can you differentiate between them in the system? (Approximate word count: 40 - 60 words). Attach filesSave 3.1.b...
difference in how costs of good sold and gross margin/profit are calculated under financial accounting vs. how contribution margin is calculated under managerial accounting (i.e., what costs are...
I was given the following information. Should I include it in my Cash Budget and/or in my Income Statement Budgeted? How should it be showed? Received a $2,000 royalty and issued 1000 common shares...
In IBM company, how does blockhain work in Proces, transaction initiation, transaction broadcast, block mining , block validation and transaction recording. discuss each.
The Bahamas is a tropical paradise made up of 700 islands sprinkled over 100,000 square miles of the Atlantic Ocean. According to the figures released by the government of the Bahamas, the mean...
Show, if u(x, y) and v(x, y) are harmonic functions, that u + v must be a harmonic function but that uv need not be a harmonic function. Is e"e" a harmonic function?
The city of Birmingham recently enacted a 1 percent surcharge on hotel rooms that will help pay for the city's new stadium. Is this a tax? Why or why not?
The city of Birmingham recently enacted a 1 percent surcharge on hotel rooms that will help pay for the city's new stadium. Is this a tax? Why or why not?
Congress would like to increase tax revenues by 10 percent. Assume that the average taxpayer in the United States earns $65,000 and pays an average tax rate of 15 percent. If the income effect is in...
Explain possible advantages and disadvantages of PSL's current international trading strategy (subsidiary in China, export & import and online presence).
In November 2020 you entered into four May 2021 long futures contracts for crude oil (1,000 barrels per contract) for $65.00 per barrel. If the futures price was $70.00 per barrel on December 31,...
4) Champagne, Inc., had revenues of $13 million, cash operating expenses of $9 million, and depreciation and amortization of $2 million during 2008. The firm purchased $650,000 of equipment during...

Brooklyn files as a head of household for 2015 and claims a total of three exemptions (3

Question:

Step by Step Answer:

Brooklyn has an AMTI of 101250 D...View the full answer

Taxation Of Individuals And Business Entities 2016

Students also viewed these Business Law questions