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What are Carol total alternative minimum tax

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Problem - Carol reports taxable income of $48,000. Included in that calculation are the following items.

Real Estate taxes on her home $2,000

Mortgage interest on acquisition indebtedness 1,200

Charitable contribution 550

Carol also had excluded municipal bond interest income of $8,000, $3,000 of which was deemed to be private activity bond interest. What are Carol's total alternative minimum tax (AMT) adjustments?

a. $1,200

b. $2,000

c. $3,000

d. $6,750

Reference no: EM132669553

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