Brett is a single taxpayer who had $100,000 in taxable income (before personal exemptions) for the current tax year. His itemized deductions are as follows:

Local property taxes $3,000

home mortgage interest on loan to acquire residence $8,000

miscellaneous deductions that exceed 2% of AGI $1,500

What is Brett's alternative minimum taxable income before the AMT exception?

- $100,000

- $103,000

-$104,500

-$112,500