Darin's,who Is Age 30,has Itemized Deductions in Calculating 2014 Taxable

question 47

Essay

Darin's,who is age 30,has itemized deductions in calculating 2014 taxable income as follows:
$\begin{array}{lr}\text { Medical expenses }[\$ 15,000-10 \%(\$ 100,000)] & \$ 5,000 \\\text { Mortgage interest on personal residence } & 7,000 \\\text { State income taxes } & 4,000 \\\text { Real property taxes } & 4,500 \\\text { Personal property taxes } & 2,500 \\\text { Casualty loss }[\$ 14,000-(10 \% \times \$ 100,000)] & 4,000 \\\text { Charitable contributions } & 3,500 \\\text { Gambling losses }(\$ 3,200 \text { limited to gambling income of } \$ 1,000) & 1,000 \\\text { Miscellaneous itemized deductions }[\$ 2.500-2 \%(\$ 100,000)] & 500\\\text { Itemized deductions }&\$32,000\end{array}$
a.Calculate Darin's itemized deductions for AMT purposes using the direct method.
b.Calculate Darin's itemized deductions for AMT purposes using the indirect method.

---

Definitions:

Adolescent Growth Spurt

A rapid period of growth in height and weight that occurs during puberty.

Onset

The beginning or start of something, often used in a medical context to describe the initiation of symptoms or a disease process.

Males

Individuals of the sex that produces small, mobile gametes (sperm) for reproduction and is typically characterized by certain physical features distinct from females.

Females

Refers to the sex of an organism or human being that produces non-motile ova (egg cells) and can typically bear offspring or produce milk for its young.