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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
44.  ![]()
LO.2, 3, 4 Pat, who is age 66 and single with no dependents, received a salary of
$90,000. She reports interest income of $1,000, dividend income of
$5,000, gambling winnings of $4,000, and interest income from 2006 private activity bonds of $40,000. The dividends are not qualified dividends. The following addi- tional information may be relevant. Compute Pat’s tentative minimum tax.
Â
|
Medical expenses (before AGI Â floor) |
$12,000 |
|
State income taxes |
4,100 |
|
Real estate taxes |
2,800 |
|
Mortgage interest on  residence |
3,100 |
|
Investment interest expense |
1,800 |
|
Gambling losses |
5,100 |
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