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Compute the AMT exemption for the following taxpayers. a) Bristol, who is single, reports AMTI of $149,500. b) Marley and Naila are married and file

Compute the AMT exemption for the following taxpayers.

a) Bristol, who is single, reports AMTI of $149,500.

b) Marley and Naila are married and file a joint tax return. Their AMTI is $498,000.

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