Cindy, Who Is Single and Age 48, Has No Dependents

question 29

Essay

Cindy, who is single and age 48, has no dependents and has adjusted gross income of $150,000 in 2019.Her potential itemized deductions are as follows. $$\begin{array} { l r } \text { Medical expenses (before percentage limitation) } & \$ 10,000 \\\text { State income taxes } & 2,500 \\\text { Real estate taxes } & 4,000 \\\text { Mortgage (qualified housing and qualified residence) interest } & 5,500 \\\text { Unreimbursed employee expenses } & 2,600\end{array}$$ What are Cindy's AMT adjustments for itemized deductions for 2019?

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Definitions:

Fish

Aquatic animals, primarily used as a source of food, characterized by their gills, fins, and in most cases, scales.

Leisure Time

Free time not consumed by work or compulsory activities, where individuals can engage in activities of their choice.

Study Time

The dedicated duration individuals allocate toward educational activities to learn or enhance knowledge and skills.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to do one thing over another.