For all the following cases, assume that taxable income does not include any dividend income or capital gain.

Required:

Compute AMT (if any) if Mr. and Ms. Bakers, married filing jointly, reported taxable income of $215,000 and AMTI before exemption of $216,500.

Compute AMT (if any) if Mr. Costas, single taxpayer, reported taxable income of $189,450 and AMTI before exemption of $211,500.

Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $671,675 and AMTI before exemption of $798,000.

Assume the taxable year is 2022. Use Individual Tax Rate Schedules.

Individual Tax Rate Schedules.: https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/jones_26e/2022individualtaxrateschedule.htm