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2023 Tax Rate Schedules Individuals Srhadnla X_Sinalo Srhedule V-1_Married Filino .Inintly or Oualifvino curvivino cnouce Required information [The following information applies to the questions displayed
2023 Tax Rate Schedules Individuals Srhadnla X_Sinalo Srhedule V-1_Married Filino .Inintly or Oualifvino curvivino cnouce Required information [The following information applies to the questions displayed below.] In 2023, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income is $1,390,000 (all ordinary), and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ( $700,000 acquisition debt for home). Use Exhibit 8-5 and Tax Rate Schedule for reference. a. What is Deon and NeNe's AMT? EXHIBIT 8-5 2023 AMT Exemptions
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