Carol reports taxable income of $48,000. Included in that calculation are the following items. Real estate taxes

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Carol reports taxable income of $48,000. Included in that calculation are the following items.
Real estate taxes on her home ...............................................   $2,000
Mortgage interest on acquisition indebtedness ...................     1,200
Charitable contribution ............................................................        550

Carol also had excluded municipal bond interest income of $8,000, $3,000 of which was deemed to be private activity bond interest. What are Carol's total alternative minimum tax (AMT) adjustments?

a. $1,200 

b. $2,000 

c. $3,000

d. $6.750

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Related Book For  answer-question

South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337702966

22nd Edition

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

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