Question: bok int rences Mc ! Required information Problem 8-56 (LO 8-2) (Algo) (The following information applies to the questions displayed below.] In 2022, Sven is
bok int rences Mc ! Required information Problem 8-56 (LO 8-2) (Algo) (The following information applies to the questions displayed below.] In 2022, Sven is single and has $156,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $3,800, state income tax of $5,800, and mortgage interest expense of $24,000 (acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $4,100. Problem 8-56 Part a (Algo) a. What is Sven's alternative minimum taxable income (AMTI)? Description Regular taxable income Amount AMTI
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