Create a table for the answer to this problem. Includethese categories: AMT; Regular Tax: Adjustment

Create a table for the answer to this problem. Includethese categories: AMT; Regular Tax: Adjustment. Charles had the following itemized deductions in2014: State income taxes $3,000 Charitable contributions 4,900 Mortgage interest (personal residence) 14,000 Medical expenses [$8,000-(7.5% ×$75,000)] 2,375 Miscellaneous [$3,200-(2%×$75,000)] 1,700 What are Charles’ itemized deductions for AMTpurposes? What is the amount of the AMT adjustment? . . .

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