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Jonathan Is Married,files a Joint Return,and Has One Child

question 5

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Jonathan is married,files a joint return,and has one child.During 2014,Jonathan has $85,000 of taxable income.He has $20,000 of positive AMT adjustments and $28,000 of tax preferences.Since Jonathan rents his home (pays no mortgage interest) and lives in Tennessee (has no state income tax) ,he does not itemize his deductions but takes the standard deduction.Calculate Jonathan's AMTI (before exclusion amount) .


Definitions:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, such as coronary artery disease, heart attacks, and stroke.

Type 2 Diabetes

A chronic condition characterized by high blood sugar levels due to the body’s inability to use insulin properly, often associated with obesity and lifestyle factors.

Renal Failure

A medical condition where the kidneys lose the ability to remove waste and balance fluids, potentially leading to kidney failure.

Lifestyle Changes

Modifications made to an individual's way of living, aiming to improve health outcomes, such as adopting a healthy diet, increasing physical activity, and quitting smoking.

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