Brenda pays the following property taxes in 2021.  $7,000 on her primary residense, $7,500 on her vcation home.  What is the maximum amount of these taxes that she may claim as an itemized dedution on Schedule

Meghan gives May (not Meghan’s spouse) a gift of $34,000 (plus 4905)  in 2021.  Meghan is married and has one child.  May is married, but does not have any children.  Is this gift taxable and why?  If so, to whom is it taxable and what amount is taxed?  If there is a tax, how can the tax be avoided in this circumstance?

Individuals If taxable income is over: $ 0 $ 9.950 $ 40,525 $ 86,375 $ 86,375 $164,925 $523,600 But not over: $164,925 $209,425 $209,425 $523,600 If taxable income is over: $ 9.950 $ 40.525 $ 0 $ 19,900 But not $628,300 Schedule X-Single over: $ 19,900 $ 81,050 $ 81,050 $172,750 $172,750 $329,850 $329,850 $418,850 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) $418,850 $628,300 The tax is: 10% of taxable income $995 plus 12% of the excess over $9.950 $4,664 plus 22% of the excess over $40.525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209,425 $157,804.25 plus 37% of the excess over $523,600 2021 Tax Rate Schedules The tax is: 10% of taxable income $1,990 plus 12% of the excess over $19,900 $9,328 plus 22% of the excess over $81,050 $29,502 plus 24% of the excess over $172,750 $67,206 plus 32% of the excess over $329,850 $95,686 plus 35% of the excess over $418,850 $168.993.50 plus 37% of the…

Wanda, a single taxpayer, has alternative minimum taxable income of $149,200 for 2020. Her regular tax is $9,000. What is Wanda's alternative minimum tax for 2020? TAX ACCOUNTING   (Options w/ amounts in $) A 15,050 B 308 C 0 D 10,838