Mitch, Who Is Single and Age 46 and Has No

question 50

Multiple Choice

Mitch, who is single and age 46 and has no dependents, had AGI of $100,000 this year.His potential itemized deductions were as follows. $$\begin{array} { l r } \text { Medical expenses (in excess of AGI floor) } & \$ 15,000 \\\text { State income taxes } & 3,000 \\\text { Real estate taxes } & 7,000 \\\text { Mortgage interest (acquisition of primary residence) } & 13,000 \\\text { Home equity loan interest (loan used to finance the } & 4,000 \\\text { purchase of a car) } & \\\text { Unreimbursed employee expenses } & 4,300\end{array}$$ What is the amount of Mitch's AMT adjustment for itemized deductions for 2019?

• A)$10,000.
• B)$12,300.
• C)$16,300.
• D)$34,300.

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Definitions:

Attitude

A settled way of thinking or feeling about something, often reflected in a person's behavior.

Employers

Organizations or individuals that hire employees to perform specific tasks in exchange for compensation.

Negative Attitude

A pessimistic outlook or disposition towards individuals, events, or situations, often resulting in adverse effects.

Employees

Individuals who are hired by employers to perform specific jobs in exchange for compensation, and who typically have designated roles and responsibilities within an organization.