Robert had current-year adjusted gross income of $100,000 and potential itemized deductions as follows: Medical expenses (before percentage limitations) | $ 12,000 | State income taxes | 4,000 | Real estate taxes | 3,500 | Qualified housing and residence mortgage interest | 10,000 | Home equity mortgage interest (used to consolidate personal debts) | 4,500 | Charitable contributions (cash) | 5,000 |
What are Robert's itemized deductions for alternative minimum tax?
|
a. | $17,000 | |
b. | $25,500 | |
c. | $21,500 | |
d. | $19,500 |
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