Rodrigo and Raquel Are Married with 2 Dependent Children,age 18

question 41

Essay

Rodrigo and Raquel are married with 2 dependent children,age 18 and 20,and reported the following items on their 2013 tax return:
$\begin{array}{lr} \text {Adjusted gross income }&&&\$190,000\\ \text {Less: Deductions from adjusted gross income }\\\text { Home mortgage interest } && \$ 9,500 \\\text { Home equity loan interest (for college education) } && 5,000 \\\text { State income taxes } && 12,000 \\\text { Property taxes } && 6,800 \\\text { Charitable contributions } && 4.400\\ \text { Miscellaneous itemized deductions}&\$4,800\\ \text { Less: \( 2 \% \times \$ 190,000 \)}&3,800&1,000&38,700\\\text { Less: Exemptions }(4 \times \$ 3,900)&&&15,600\end{array}$
Determine Rodrigo and Raquel's regular tax liability and,if applicable,the amount of their alternative minimum tax.

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Definitions:

Interpersonal Power

Degree to which a person is able to influence his or her partner.

Conflict Control

Techniques or strategies used to manage, reduce, or resolve disagreements or disputes in interpersonal relationships or group settings.

Negotiated Power

A dynamic where power or influence is distributed through discussion, compromise, or agreement between parties.

Referent Power

Power that comes from our attraction to another person, or the charisma a person possesses.