Brooklyn files as a head of household for 2017 and claims a total of three exemptions (3

Question:

Brooklyn files as a head of household for 2017 and claims a total of three exemptions (3 × 4,050 = $12,150). She claimed the standard deduction of $9,350 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

Essentials Of Federal Taxation 2018

ISBN: 9781260007640

9th Edition

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

See More Books

Question Posted: Jul 19, 2017 10:53 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...
1. You and a friend agree to meet at your favorite restaurant between 5:00 P.M. and 6:00 P.M. The one who arrives first will wait 15 minutes for the other, and then will leave (see figure). What is...
A positive charge of magnitude 2 C is at the origin. (a) What is the electric potential V at a point 4 m from the origin relative to V = 0 at infinity? (b) How much work must be done by an outside...
Read Pena (2017). Examine the 12 benefits of collaboration. Which are related to social collaboration?
Explain the different types of static and dynamic stability.
For its top managers, Worldwide Travel formats its income statement as follows: WORLDWIDE TRAVEL Contribution Margin Income Statement Three Months Ended March 31, 2014 Sales Revenue ............. $...
Discuss Social networking and give three examples of caveats associated with using Social networking sites for screening .
A plane jet of water strikes a splitter vane and divides into two flat streams, as shown. Find the mass flow rate ratio, m2/m3, required to produce zero net vertical force on the splitter vane. If...
In 2017, Carson is claimed as a dependent on his parent's tax return. His parents' ordinary income marginal tax rate is 28%. Carson's parents provided most of his support. What is Carson's tax...
Sylvester files as a single taxpayer during 2017 and claims one personal exemption. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,000, real estate taxes of...
Ennerdale Ltd has been asked to quote a price for a one-off contract. The companys management accountant has asked for your advice on the relevant costs for the contract. The following information is...
Use the information in the ledger accounts. Nov. 8 Nov. 30 114,000 9,600 Cash Land Building Nov. 1 144,000 Nov. 8 40,320 Nov. 8 84,000 Nov. 8 70,320 Nov. 25 Nov. 30 14,400 1,680 Nov. 15 Office...
Your task is to prepare a presentation using a tool such as PowerPoint, Prezi, or Google Slides to explain how the MRE flameless ration heater works. The group you will be presenting to wants to know...
(a) (b) (c) Briefly describe how delegated legislation takes place and also describe how control is exercised over delegated legislation. What is the process of legislation in case of a money bill...
2019 2020 Assets Cash Accounts receivable Inventory Net fixed assets Total assets Liabilities and Equity Accounts payable Other current liabilities Long-term debt $ 298 $ 306 3,006 3,422 5,210 5,650...
Kam Company purchased a machine on January 2 , 2 0 1 9 , for $ 2 0 , 0 0 0 . The machine had an expected life of 8 years and a residual value of $ 3 0 0 . The double - declining - balance method of...
The Brum Corporation, a C corporation, is owned 100% by john Bean :ind had taxable income in 2019 of $500,000. John is also an employee of the corporation. In December 2019, the corporation has...
Choose two matrices A and B with dimension 2 x 2. Calculate det A, det B, and det (AB). Repeat this process until you are able to discover how these three determinants are related. Summarize your...
The IRS recently completed an audit of Shea's tax return and assessed $15,000 additional tax. Shea requested an appeals conference but was unable to settle the case at the conference. She is...
The IRS recently completed an audit of Shea's tax return and assessed $15,000 additional tax. Shea requested an appeals conference but was unable to settle the case at the conference. She is...
The IRS recently completed an audit of Shea's tax return and assessed $15,000 additional tax. Shea requested an appeals conference but was unable to settle the case at the conference. She is...
York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of...
Hudson Community College enrolls students in two departments, Liberal Arts and Sciences. The college also has two service departments, the Library and the Computing Services Department. The usage of...
Robert is designing a new Active Directory Domain Services infrastructure for a company called Litware, Inc., which has its headquarters in New York and two additional offices in London and Tokyo....

Brooklyn files as a head of household for 2017 and claims a total of three exemptions (3

Question:

Step by Step Answer:

Brooklyn has an AMTI of 101500 D...View the full answer

Essentials Of Federal Taxation 2018

Students also viewed these Business Law questions