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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:Compute AMT (if any) if Mr. and Ms. Bakers, married filing jointly, reported taxable income of $232,000 and AMTI before exemption of $217,400.Compute AMT (if any) if Mr. Costas, single taxpayer, reported taxable income of $190,260 and AMTI before exemption of $212,400.Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $673,075 and AMTI before exemption of $827,000.
Married Filing Jointly and Surviving Spouse
If taxable income is The tax is
Not over $22,00010% of taxable income
Over $22,000 but not over $89,450 $2,200.00+12% of excess over $22,000
Over $89,450 but not over $190,750 $10,294.00+22% of excess over $89,450
Over $190,750 but not over $364,200 $32,580.00+24% of excess over $190,750
Over $364,200 but not over $462,500 $74,208.00+32% of excess over $364,200
Over $462,500 but not over $693,750 $105,664.00+35% of excess over $462,500
Over $693,750 $186,601.50+37% of excess over $693,750
Married Filing Separately
If taxable income is The tax is
Not over $11,00010% of taxable income
Over $11,000 but not over $44,725 $1,100.00+12% of excess over $11,000
Over $44,725 but not over $95,375 $5,147.00+22% of excess over $44,725
Over $95,375 but not over $182,100 $16,290.00+24% of excess over $95,375
Over $182,100 but not over $231,250 $37,104.00+32% of excess over $182,100
Over $231,250 but not over $346,875 $52,832.00+35% of excess over $231,250
Over $346,875 $93,300.75+37% of excess over $346,875
Head of Household
If taxable income is The tax is
Not over $15,70010% of taxable income
Over $15,700 but not over $59,850 $1,570.00+12% of excess over $15,700
Over $59,850 but not over $95,350 $6,868.00+22% of excess over $59,850
Over $95,350 but not over $182,100 $14,678.00+24% of excess over $95,350
Over $182,100 but not over $231,250 $35,498.00+32% of excess over $182,100
Over $231,250 but not over $578,100 $51,226.00+35% of excess over $231,250
Over $578,100 $172,623.50+37% of excess over $578,100
Single
If taxable income is The tax is
Not over $11,00010% of taxable income
Over $11,000 but not over $44,725 $1,100.00+12% of excess over $11,000
Over $44,725 but not over $95,375 $5,147.00+22% of excess over $44,725
Over $95,375 but not over $182,100 $16,290.00+24% of excess over $95,375
Over $182,100 but not over $231,250 $37,104.00+32% of excess over $182,100
Over $231,250 but not over $578,125 $52,832.00+35% of excess over $231,250
Over $578,125 $174,238.25+37% of excess over $578,125

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