In 2020, Maia (who files as a head of household)reported regular taxable income of $115,000. She itemized her deductions, deducting $8,000 in charitable contributions and $3,000 in state income taxes. What is Maia's alternative minimum taxable income?

Question

Quizplus · Accepted Answer

The correct answer is B because the alternative minimum taxable income is the regular taxable income plus the amount of disallowed itemized deductions. The disallowed itemized deductions are the charitable contributions and the state income taxes. Therefore, Maia's alternative minimum taxable income is $115,000 + $8,000 + $3,000 = $126,000.

In 2020, Maia (Who Files as a Head of Household)reported