What is wilmas alternative minimum taxable income, Accounting Basics

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What is wilmas alternative minimum taxable income

Problem

In 2021, Wilma (who files as a head of household) reported regular taxable income of $150,000. She itemized her deductions, deducting $10,000 in charitable contributions and $2,000 in state income taxes. What is Wilma's alternative minimum taxable income?

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Accounting Basics: What is wilmas alternative minimum taxable income

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Accounting Basics: What is wilmas alternative minimum taxable income

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