Eileen is a single individual with no dependents.Her adjusted gross income for 2017 is $60,000.She has the following items that qualify as itemized deductions.What is the amount of Eileen's AMT adjustment for itemized deductions for 2017?
Definitions:
Perfect Substitutes
Goods that a consumer is completely indifferent between, meaning they will substitute one for another at a constant rate regardless of any change in price or utility.
Perfect Complements
Goods that are always used together in fixed proportions, where the utility or value of one item increases with use of the other.
Pareto Efficient
An allocation condition in resources where any attempt to favor one individual results in a disadvantage to another.
Pareto Optimal
A state of allocation of resources from which it is impossible to reallocate without making at least one individual or preference criterion worse off.
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