Pat, who is age 66 and single with no dependents, received a salary of $90,000 in 2017. She earned interest income of $1,000, dividend income of $5,000, gambling winnings of $4,000, and interest income from private activity bonds (issued in 2006) of $40,000. The dividends are not qualified dividends. The following additional information is relevant.

Medical expenses (before 10%-of-AGI floor) ……………………………….. $12,000

State income taxes ………………………………………………………………. 4,100

Real estate taxes ………………………………………………………………… 2,800

Mortgage interest on residence ………………………………………………… 3,100

Investment interest expense ……………………………………………………. 1,800

Gambling losses ………………………………………………………………… 5,100

Compute Pat’s tentative minimum tax for 2017.



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