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Carson had the following itemized deductions in 2014: State income taxes…………………………… $1,500 Charitable contributions…………………….… 9,900 Mortgage interest (personal residence)……… 12,000 Medical expenses [$8,000-(10% ×$75,000)]…… 500 Miscellaneous [$2,200-(2%×$75,000)]………… 700

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a. What are Carson’s itemized deductions for AMT purposes?

b. What is the amount of the AMT adjustment? Get Accounting Help Today

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