In 2017,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.She claimed exemptions for herself and her son,Hermes,($4,050 each).What is Maia's alternative minimum taxable income?

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Quizplus · Accepted Answer

The correct answer is D. Maia's alternative minimum taxable income is $126,100. This is calculated by adding back the itemized deductions that are not allowed for AMT purposes, which are the charitable contributions and the state income taxes. So, $115,000 + $8,000 + $3,000 = $126,000.

In 2017,Maia (Who Files as a Head of Household)reported Regular