Suzanne, who is a head of household, has the following deductions before considering any phaseouts: Interest on

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Suzanne, who is a head of household, has the following deductions before considering any phaseouts:
Interest on qualified acquisition debt........................$9,800
Real property taxes...............................................3,000
State income taxes................................................5,000
Charitable contributions.........................................2,500
Calculate her itemized deductions after any phaseout for each of the following independent situations:
a. Her AGI is $200,000.
b. Her AGI is $320,000.
c. Her AGI is $425,000.
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Taxation For Decision Makers 2017

ISBN: 9781119330417

7th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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