Ramon, a single taxpayer, has adjusted gross income for 2016 of $350,100. His itemized deductions total $50,000
Question:
Ramon, a single taxpayer, has adjusted gross income for 2016 of $350,100. His itemized deductions total $50,000 consisting of $30,000 of state income taxes and $20,000 of charitable contributions. What is the amount of itemized deductions Ramon can claim after reduction for the itemized deduction phase-out for high-income taxpayers?
a. $0
b. $30,000
c. $47,246
d. $47,279
e. $50,000
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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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