Yanni, who is single, provides you with the following information for 2016. Salary.....................................$80,000 State income taxes.........................6,800 Mortgage
Question:
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 2016 taxable income?
b. What is Yanni's 2016 AMTI?
c. What is Yanni's 2016 TMT?
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Yannis taxable income a is 62750 his AMTI b is 197...View the full answer
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Related Book For 
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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