Brooklyn files as a head of household for 2020

Accounting Mar 19, 2021

Brooklyn files as a head of household for 2020. She claimed the standard deduction of $18,650 for regular tax purposes. Her regular taxable income was $100,500.
What is Brooklyn's AMTI?

Expert Solution

Computation of Brooklyn's AMTI:

Here,

AMTI = Adjusted Minimum Taxable Income

Description	Amount (in$)

Total Income	100,500
Less: Standard Deduction	18,650
AMTI	81,850

Note:

As per federal law, the standard deduction amount in 2020 is $12,400 for single filers, $24,800 for married couples, and $18,650 for heads of household.

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