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 $217,000 and AMTI before exemption of $218,300.

Compute AMT (if any) if Mr. Costas, single taxpayer, reported taxable income of $191,070 and AMTI before exemption of $213,300.

Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $674,475 and AMTI before exemption of $798,400.

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