Cindy, who is single and age 66, has no dependents and has adjusted gross income of $50,000 in 2014. Her potential itemized deductions are as follows:
$\begin{array}{llr}
\text { Medical expenses (before percentage limtation) } &\$10,000\
\text {State income taxes } &2,500\
\text {Real estate taxes } &4,000\
\text { Mortgage (qualified housing and residence) interest } &5,500\
\text {Unreimbursed employee expenses (before percentage limitation) } &2,600\
\end{array}$

What is the amount of Cindy's AMT adjustment for itemized deductions for 2014?

Question

Cindy, who is single and age 66, has no dependents and has adjusted gross income of $50,000 in 2014. Her potential itemized deductions are as follows:
 $\begin{array}{llr}
  \text { Medical expenses (before percentage limtation) } &\$10,000\
 \text {State income taxes  } &2,500\
 \text {Real estate taxes  } &4,000\
 \text { Mortgage (qualified housing and residence) interest } &5,500\
 \text {Unreimbursed employee expenses (before percentage limitation)  } &2,600\
\end{array}$
 
What is the amount of Cindy's AMT adjustment for itemized deductions for 2014?

Quizplus · Accepted Answer

The Answer of Cindy, who is single and age 66, has no dependents and has adjusted gross income of $50,000 in 2014. Her potential itemized deductions are as follows:
 $\begin{array}{llr}
  \text { Medical expenses (before percentage limtation) } &\$10,000\
 \text {State income taxes  } &2,500\
 \text {Real estate taxes  } &4,000\
 \text { Mortgage (qualified housing and residence) interest } &5,500\
 \text {Unreimbursed employee expenses (before percentage limitation)  } &2,600\
\end{array}$
 
What is the amount of Cindy's AMT adjustment for itemized deductions for 2014?

Cindy, Who Is Single and Age 66, Has No Dependents