Pat is 40, is single, and has no dependents. She received a salary of $390,000 in 2021.

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Pat is 40, is single, and has no dependents. She received a salary of $390,000 in 2021. She earned interest income of $11,000, dividend income of $15,000, gambling winnings of $14,000, and interest income from private activity bonds (issued in 2017) of $40,000. The dividends are not qualified dividends. The following additional information is relevant. Compute Pat’s tentative minimum tax for 2021.

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South-Western Federal Taxation 2022 Individual Income Taxes

ISBN: 9780357519073

45th Edition

Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman

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