Cindy,who Is Single and Age 66,has No Dependents and Has

question 98

Essay

Cindy,who is single and age 66,has no dependents and has adjusted gross income of $50,000 in 2014.Her potential itemized deductions are as follows. ​ Medical expenses (before percentage limitation) $10,000 State income taxes 2,500 Real estate taxes 4,000 Mortgage (qualified housing and residence) interest 5,500 Unreimbursed employee expenses (before percentage limitation) 2,600 ​ What is the amount of Cindy's AMT adjustment for itemized deductions for 2015?

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Definitions:

Reset

The act of bringing a device, component, or system back to its original state or setting, often to correct a malfunction or restart a process.

Protons

Subatomic particles found in the nucleus of an atom, characterized by a positive electric charge and a significant role in determining the chemical properties of elements.

Atom

The smallest unit of a chemical element, consisting of a nucleus surrounded by electrons.

Electricity

The flow of electrons from a source of higher electrical potential to a source of lower electrical potential through a conductor.