In the Current Tax Year David, a 32-Year-Old Single Taxpayer

question 2

Multiple Choice

In the current tax year David, a 32-year-old single taxpayer, reported itemized deductions of $24,500, comprised of the following amounts. $6,000 of medical expenses in excess of 7.5% of AGI) 4,500 of property taxes on his home
2,500 of investment expenses not limited by investment income) 3,000 of charitable contributions
8,500 of home mortgage interest
Which of David's itemized deductions could create an AMT preference?

• A) All of the itemized deductions potentially create an AMT preference.
• B) The deduction for medical expenses and property taxes potentially create an AMT preference.
• C) The deduction for investment expenses and property taxes potentially create an AMT preference.
• D) None of the itemized deductions potentially create an AMT preference.

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Definitions:

Figure Panel

A part of a scientific publication or presentation that comprises multiple individual images or graphs combined to illustrate experimental data or concepts.

Prophase II

The first stage of meiosis II, where chromosomes condense and the nuclear envelope breaks down, following meiosis I.

Homologous Chromosomes

Pairs of chromosomes that have the same structure and gene sequence, one from each parent.

Sister Chromatids

Identical copies of a chromosome, joined together by a common centromere, that eventually separate during cell division.