hopiveoliver1041 hopiveoliver1041

Today at 12:00 AM
Business

Answered

In 2012, Maia (who files as a head of household) reported regular taxable income of $115,000. She itemized her deductions, deducting $8,000 in charitable contributions and $3,000 in state income taxes.She claimed exemptions for herself and her son, Hermes, ($3,800 each). What is Maia's alternative minimum taxable income?$118,000$115,000$118,800$125,600

Answer :

andromache andromache

Today at 12:05 AM

Answer:

$125,600

Explanation:

The computation of the alternative minimum taxable income is shown below:

= Taxable income + state income taxes + exemptions for herself + exemptions for her son

= $115,00 + $3,000 + $3,800 + $3,800

= $125,600

For determining the alternative minimum taxable income we have to add the exemptions for herself and her son plus state income tax to the taxable income. We do not include the charitable contributions. Hence, we ignored it

Answer Link

Other Questions

How many people a year die from water born diseases

Which of the following is true about all types of cancers? Select all that apply. Cancer involves old, damaged cells that do not die. Cancer involves rapid and

How many people a year die from water born diseases

Consider quadrilateral EFGH. Quadrilateral E F G H is shown. Sides F G and E H are parallel. Angles E and H are congruent. The length of E F is 4 n minus 4, the

white blood cells protect against and aid in blood clotti g when injuries are substained

If 13 metres of a uniform iron rod weighs 23.4kg,what will be the weight of 12 metres of the same rod?

cube of 4th root of 343please it's very urgent

if a magnet attracts a piece of metal, that piece must be made of non-magnetic materialAny other metal but ironMagnetic material or iron

What would happen if there is a absence of cell wall in plant cell

To express 9/40 as a percent is

In a polL 1,002 women in a country were asked whether they favor or oppose the use of "federal tax dollars to fund medical research using stem cells obtained fr

In a simple graphical model of the supply and demand for pizza with the price of pizza measured vertically and the quantity of pizza measured horizontally: 1. t

In a constitutional system, Group of answer choices 1. there are no restrictions on government's 2. use f power there are lawful restrictions on government 3. p

In a living-document view, the U.S. Constitution is a document that: Is clear in allocating the rights and responsibilities of people and our government. Can be

If it takes an amount of work W to move two +q point charges from infinity to a distance d apart from each other, then how much work should it take to move thre

Hydrogen chloride decomposes to form hydrogen and chlorine, like this. Also, a chemist finds that at a certain temperature the equilibrium mixture of hydrogen c

Hydrogen is manufactured on an industrial scale by this sequence of reactions: CH,( H,O(g)CO(g)+3H2(g) CO(g) +H2O(g) CO2(g) + H2(g) K, The net reaction is: CH4(

Create and combine the following 4 strings to determine the user’s initial Access Code (beware of extra spaces). You will use string functions, methods, and ope

An investor buys $16,000 worth of a stock priced at $20 per share using 60% initial margin. The broker charges 8% on the margin loan and requires a 35% maintena

in order to find the molar mass of an unknown compound, a research scientist prepared a solution of 0.930 g of an unknown in 125 g of a solvent. The pure solven