What is Yanni taxable income

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Reference no: EM132669471

Problem - Yanni, who is single, provides you with the following information for 2019.

Salary $250,000

State income taxes 25,000

Mortgage interest expense ($480,000 mortgage) 21,600

Charitable contributions 18,000

Interest income 13,000

Required -

a. What is Yanni's 2019 taxable income?

b. What is Yanni's 2019 AMT base?

c. What is Yanni's 2019 TMT?

Reference no: EM132669471

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