Question: Exercise 1 2 - 2 2 ( Algorithmic ) ( LO . 2 , 3 , 5 ) Yanni, who is single, provides you with

Exercise 12-22(Algorithmic)(LO.2,3,5) Yanni, who is single, provides you with the following information for 2024: Salary$104,400State income taxes10,440Mortgage interest expense on principal residence9,396Charitable contributions2,088Interest income1,566 Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: a.Yanni's taxable income:$fill in the blank 1b.Yanni's AMT base:$fill in the blank 2c.Yanni's tentative minimum tax:$fill in the blank 3 Feedback Area Feedback In theory, all individual taxpayers subject to the Federal income tax are subject to AMT. Whether a taxpayer has an AMT liability depends on a number of factors, including the taxpayer's income, geographic location, and family situation as well as the exclusions, deductions, and credits utilized in the calculation of their regular Federal income tax liability.

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