Cindy,who Is Single and Age 48,has No Dependents and Has

question 64

Essay

Cindy,who is single and age 48,has no dependents and has adjusted gross income of $50,000 in 2017.Her potential itemized deductions are as follows.
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What are Cindy's AMT adjustments for itemized deductions for 2017?

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Definitions:

Withdrawals

Funds drawn from the enterprise by its proprietors for their personal needs.

Revenues

Revenues are the total income generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.

Expenses

The costs incurred in the process of earning revenue, including operating costs, taxes, interest, and cost of goods sold.

Cash Investments

Funds placed into financial instruments or assets with the expectation of preserving capital and generating a return.