Exemption Table:

Exercise 12-24 (Lo. 5) Yanni, who is single, provides you with the following information for 2018: Salary $250,000 25,000 21,600 18,000 13,000 State income taxes Mortgage interest expense ($480,000 mortgage) Charitable contributions Interest income Click here to access the exemption table. Compute the following: a. Yanni's taxable income: b. Yanni's AMT base: c. Yanni's tentative minimum tax: Exercise 12-24 (Lo. 5) Yanni, who is single, provides you with the following information for 2018: Salary $250,000 25,000 21,600 18,000 13,000 State income taxes Mortgage interest expense ($480,000 mortgage) Charitable contributions Interest income Click here to access the exemption table. Compute the following: a. Yanni's taxable income: b. Yanni's AMT base: c. Yanni's tentative minimum tax