In 2019, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Rays taxable income is $2,400,000, and they itemize their deductions as follows: state income taxes of $10,000, and mortgage interest expense of $25,000 (acquisition debt of $300,000). Use Exhibit 8-5. and Tax Rate Schedule for reference. a. What is Janet and Rays AMT?