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For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: a. Compute AMT (if any) if
For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: a. Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $220,000 and AMTI before exemption of $221,000. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $193,500 and AMTI before exemption of $216,000. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $678,675 and AMTI before exemption of $799,000. Assume the taxable year is 2022 . Use Complete this question by entering your answers in the tabs below. Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $220,000 and AMTI before exemption of $221,000. Note: Enter " 0 " if taxpayer is not subject to AMT. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $193,500 and AMTI before exemption of $216,000. Note: Round your intermediate calculations to the nearest whole dollar amount. Enter "0" if taxpayer is not subject to AMT. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $678,675 and AMTI before exemption of $799,000 Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter "0" if taxpayer is not subject to AMT. Individual Tax Rate Schedules
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