Fred and Wilma are married and each aged 67 years, with no dependents. Their income and expenses are listed below. Compute their tentative minimum tax for 2019 showing ALL calculations. Also, please find and print the IRC subsection that describes the AMT exemption amounts.

Salaries $150,000

Interest Income State Bank 1,500

Interest Income private activity bonds (issued 2013) 20,000

Gambling income 3,000

Dividend income (not qualified dividends) 2,000

Medical expenses (before AGI floor) 16,000

Gambling losses 6.000

State income taxes 3,500

Mortgage interest on home 4,600

Investment interest expense 2,100

Real estate taxes 3,200

Fred and Wilma are married and each aged 67 years, with no dependents. Their income and expenses are listed below. Compute their tentative minimum tax for 2019 showing ALL calculations. Also, please find and print the IRC subsection that describes the AMT exemption amounts. Salaries Interest Income State Bank Interest Income - private activity bonds (issued 2013) Gambling income Dividend income (not qualified dividends) Medical expenses (before AGI floor) Gambling losses State income taxes Mortgage interest on home Investment interest expense Real estate taxes $150,000 1,500 20,000 3,000 2,000 16,000 6.000 3,500 4,600 2,100 3,200 Fred and Wilma are married and each aged 67 years, with no dependents. Their income and expenses are listed below. Compute their tentative minimum tax for 2019 showing ALL calculations. Also, please find and print the IRC subsection that describes the AMT exemption amounts. Salaries Interest Income State Bank Interest Income - private activity bonds (issued 2013) Gambling income Dividend income (not qualified dividends) Medical expenses (before AGI floor) Gambling losses State income taxes Mortgage interest on home Investment interest expense Real estate taxes $150,000 1,500 20,000 3,000 2,000 16,000 6.000 3,500 4,600 2,100 3,200