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Time Remaining 33 minutes 35 seconds 00:33:35 Item 9 Item 9 Time Remaining 33 minutes 35...

Time Remaining 33 minutes 35 seconds 00:33:35 Item 9 Item 9 Time Remaining 33 minutes 35 seconds 00:33:35 In 2018, Laura (who files as a head of household) reported regular taxable income of $115,000. She itemized her deductions, deducting $8,000 in charitable contributions and $3,000 in state income taxes. What is Laura's alternative minimum taxable income?

Multiple Choice

  • None of the answers are correct

  • $115,000

  • $123,000

  • $126,000

  • $118,000

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Answer #1
Regular taxable income 115000
Add: State income taxes 3000
Laura's alternative minimum taxable income 118000
Option $118,000 is correct
Note: Charitable contributions is not added back for alternative minimum taxable income
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