In 2021, Deon and NeNe are married filing jointly. Deon and NeNes taxable income (all ordinary) is $1,215,500, and they itemize their deductions as follows: real property taxes of $15,600, charitable contributions of $25,350, and mortgage interest expense of $61,800 ($700,000 acquisition debt for home)

EXHIBIT 8-5 2021 AMT Exemptions ichedule Y-1-Married Filing Jointly or Qualifying Widow(er) \begin{tabular}{|c|c|l|} \hline f taxable income is over: & But not over: & The tax is: \\ \hline$ & $19,900 & 10% of taxable income \\ \hline$19,900 & $81,050 & $1,990 plus 12% of the excess over $19,900 \\ \hline$81,050 & $172,750 & $9,328 plus 22% of the excess over $81,050 \\ \hline$172,750 & $329,850 & $29,502 plus 24% of the excess over $172,750 \\ \hline$329,850 & $418,850 & $67,206 plus 32% of the excess over $329,850 \\ \hline$418,850 & $628,300 & $95,686 plus 35% of the excess over $418,850 \\ \hline$628,300 & - & $168,993.50 plus 37% of the excess over $628,300 \\ \hline \end{tabular}