Compute the AMT exemption for the following taxpayers.

access the

Phaseout

Status Exemption Begins at Ends at

Married, joint 83,400 158,900 492,500

Single or head of household 53,600 119,200 333,600

Married, separate 41,700 79,450 246,250

a. Bristol, who is single, has AMTI of $132,800. His AMT exemption is $ .

b. Marley and Naila are married and file a joint tax return. Their AMTI is $485,000. Their AMT exemption is $