Yanni, who is single, provides you with the following information for 2017. Salary ........................................................... $80,000 State income

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Yanni, who is single, provides you with the following information for 2017.
Salary ...........................................................    $80,000
State income taxes ....................................         6,800
Mortgage interest expense ......................         6,200
Charitable contributions ...........................        1,500
Interest income ..........................................        1,300
Personal exemption ..................................        4,050
a. What is Yanni’s 2017 taxable income?
b. What is Yanni’s 2017 AMTI?
c. What is Yanni’s 2017 TMT?

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Related Book For  book-img-for-question

South Western Federal Taxation Individual Income Taxes 2018

ISBN: 9781337385893

41st Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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