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Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 24CE
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Question
![Itemized Deductions. During 2021, Doug incurs the following deductible expenses:
$2,300 in state income taxes, $3,000 in local property taxes, $800 in medical expenses,
and $2,000 in non-cash charitable contributions. Doug is 33, single, has no dependents,
and has $35,000 AGI for the year. What is the amount of Doug's taxable income?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F20d8d3ee-6ebb-4487-9136-508a47da9e50%2F221879e9-1102-4b59-bcec-b606cb9009a2%2Fu8tzfrs_processed.png&w=3840&q=75)
Transcribed Image Text:Itemized Deductions. During 2021, Doug incurs the following deductible expenses:
$2,300 in state income taxes, $3,000 in local property taxes, $800 in medical expenses,
and $2,000 in non-cash charitable contributions. Doug is 33, single, has no dependents,
and has $35,000 AGI for the year. What is the amount of Doug's taxable income?
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So why would we not use standard deduction?
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