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0 Required information [The following information applies to the questions displayed below.] In 2017, Janet and Ray are married filing jointly. They have five dependent
0 Required information [The following information applies to the questions displayed below.] In 2017, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Ray's taxable income is $140,000, and they itemize their deductions as follows: real property taxes of $5,000, state income taxes of $9,00o, and mortgage interest expense of$15,000 (not a home-equity loan). (Use 2017 AMT exemption amounts). Use Ta ateSchedule for reference (Round your intermediate answers to whole dollar value.) a. What is Janet and Ray's AMT? Janet and Ray's AMT
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