Question: Create table for the answer to this problem. Include these categories: AMT; Regular Tax: Adjustment. Charles had the following itemized deductions in 2014: State income

Create table for the answer to this problem. Include these categories: AMT; Regular Tax: Adjustment.

Charles had the following itemized deductions in 2014: State income taxes

Charitable contributions

Mortgage interest (personal residence) Medical expenses [$8,000-(7.5% $75,000)] Miscellaneous [$3,200-(2%$75,000)]

  1. What are Charles' itemized deductions for AMT purposes?
  2. What is the amount of the AMT adjustment?

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