Exercise 12-17 (Algorithmic) (LO. 2)

Compute the 2022 AMT exemption for the following taxpayers.

If an amount is zero, enter "0".

a. Bristol, who is single, has AMTI of $738,200. Her AMT exemption is $fill in the blank 1.

b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,368,800. Their AMT exemption is $fill in the blank 2.