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Exercise 12-17 (Algorithmic) (LO. 2) Compute the 2021 AMT exemption for the following taxpayers. If an amount is zero, enter0. Click here to access the

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Exercise 12-17 (Algorithmic) (LO. 2) Compute the 2021 AMT exemption for the following taxpayers. If an amount is zero, enter"0". Click here to access the exemption table a. Bristol, who is single, has AMTI of $584,600. Her AMT exemption is b. Marley and Naila are married and file a foint tax retum. Their AMTI is $1,295,600. Their AMT exemption is s Phaseout Ends at Status Married, joint Single or head of household Married, separate Exemption $114,600 73,600 57,300 Begins at $1,047,200 523,600 523,600 $1,505,600 818,000 752,800

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