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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 59
Paul reported the following itemized deductions on his 2009 tax return. His AGI for 2009 was $65,000. The mortgage interest is all qualified mortgage interest to purchase his personal residence. For AMT, compute his total adjustment for itemized deductions.
a. $3,425.
B) $5,225.
C) $7,025.
D) $18,525.
a. $3,425.B) $5,225.
C) $7,025.
D) $18,525.
Explanation
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Every earner pays a tax on the income ge...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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