Limitations on itemized deductions


Shawn, who is single and has no dependents, has a regular tax liability of $15,820, taxable income of $70,000, tax preferences of $25,000, and positive adjustments attributable to limitations on itemized deductions of $15,000 this year. Shawn's alternative minimum tax for 2009 is:

A) $11,310.

B) $1,717.

C) $2,614.

D) $17,537

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Accounting Basics: Limitations on itemized deductions
Reference No:- TGS091790

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