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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.

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

Required:

  1. Compute AMT (if any) if Mr. and Mrs. Bakers taxable income on their joint return was $201,000, and their AMTI before exemption was $203,900.
  2. Compute AMT (if any) if Mr. Costas taxable income on his single return was $178,110, and his AMTI before exemption was $198,900.
  3. Compute AMT (if any) if Ms. Whites taxable income on her single return was $652,075, and her AMTI before exemption was $795,200.

Assume the taxable year is 2020. Use Individual Tax Rate Schedules.

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