Cindy,who Is Single and Age 68,has No Dependents and Has

question 24

Essay

Cindy,who is single and age 68,has no dependents and has adjusted gross income of $50,000 in 2016.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 are Cindy's AMT adjustments for itemized deductions for 2016?

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Definitions:

Services

Intangible actions or performances that one party can offer to another that does not result in the ownership of anything.

Intangible Products

Goods that cannot be seen, touched, or physically measured, such as services or digital products.

Design Thinking

A problem-solving approach that involves empathy, creativity, and rationality to meet user needs and solve complex problems.

Existing Product

A product that has already been introduced to the market and is available for purchase.