In 2011 sven is single and has 167000 of regular taxable

Assignment Help Accounting Basics

Reference no: EM13598713

In 2011, Sven is single and has $167,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $3,000, state income tax of $3,800, mortgage interest expense of $16,550 (not a home-equity loan). He also paid $3,300 in tax preparation fees and has a positive AMT depreciation adjustment of $825.

What is Sven's alternative minimum taxable income (AMTI)?

Reference no: EM13598713

Questions Cloud

Assuming that brandlin designates the forward contract as a : brandlin company of anaheim california sells parts to a foreign customer on december 1 2011 with payment of 20000

A depreciation schedule for semi-trucks of ichiro : a depreciation schedule for semi-trucks of ichiro manufacturing co was requested by your auditor soon after dec 31 2011

Calculate the amount of medical expenses that will be : simpson is a single individual who is employed full-time by duff corporation. this year simpson reports agi of 60400

A of ahmedabad consigned goods to b of mumbai for sale at : a of ahmedabad consigned goods to b of mumbai for sale at performa invoice price or over. b is entitled to have

In 2011 sven is single and has 167000 of regular taxable : in 2011 sven is single and has 167000 of regular taxable income. he itemizes his deductions as follows real property

In 2011 lisa and fred a married couple have taxable income : in 2011 lisa and fred a married couple have taxable income of 445000. if they were to file separate tax returns lisa

Lexicon inc had beginning inventory in march consisting of : lexicon inc. had beginning inventory in march consisting of 15000 units 60 percent converted and ending inventory

Lake shuttle inc is considering investing in two new vans : lake shuttle inc. is considering investing in two new vans that are expected to generate combined cash inflows of 20000

Qunitana pena expects to receive a 500000 cash benefit when : qunitana pena expects to receive a 500000 cash benefit when she retires five years from today. ms. penas employer has

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages