Question - Samuel, a single individual, has adjusted gross income of $150,000 and the following itemized deductions before applicable floor limitations for 2015:
|
Medical expenses
|
$17,000
|
|
Qualified residence acquisition interest
|
20,000
|
|
Taxes
|
9,000
|
|
Charitable contributions
|
7,000
|
|
Miscellaneous itemized deductions
|
5,000
|
What are Samuel's itemized deductions for alternative minimum tax purposes?
a. $43,750
b. $43,000
c. $40,000
d. $29,000