30. In 2017, Maia (who files as a head of household) reported regular taxable in
ID: 2591062 • Letter: 3
Question
30. In 2017, Maia (who files as a head of household) reported regular taxable income of $117,000. She itemized her deductions, deducting $8,200 in charitable contributions and $3,200 in state income taxes. She claimed exemptions for herself and her son, Hermes, ($4,050 each). What is Maia's alternative minimum taxable income?
Multiple Choice
$130,100
$117,000
$136,500
$128,300
31. Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2017, Hester received $10,110 of qualified dividends and he received $6,310 from a part time job. What is his taxable income for 2017?
Multiple Choice
$16,420
$9,760
$15,370
$10,070
Explanation / Answer
The correct answer is D.
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Regular taxable income = 117000
+ State income tax = 3200
+ Exemptions (Herself and her son’s) = 4050*2 = 8100
Total alternative minimum taxable income = 117000 + 3200 + 8100 = 128300
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