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In 2015. Deon and NeNe are married filing jointly. They have three dependent children under 18 years of age. Deon and NeNe's AGI is $809,900.
In 2015. Deon and NeNe are married filing jointly. They have three dependent children under 18 years of age. Deon and NeNe's AGI is $809,900. their taxable income is $718,850. and they itemize their deductions as follows: real property taxes of S10.000. state income taxes of $40,000. miscellaneous itemized deductions of (subject to but in excess of 2 percent AGI floor), charitable continuations of $6,000. and mortgage interest expense of S41.000 ($11,000 of which is attributable to a home-equity loan used to buy a new car). Use Tax Rate Schedule for reference. value: points a. What is Deon and NeNe's AMT? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)
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