McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 9

In 2011, Sven is single and has $120,000 of regular taxable income.He itemizes his deductions as follows: real property tax of $2,000, state income tax of $4,000, mortgage interest expense of $15,000 (not home-equity loan).He also paid $2,000 in tax preparation fees and has a positive AMT depreciation adjustment of $500.What is Sven's alternative minimum taxable income (AMTI)?