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In 2021, Deon and NeNe are married filling Jointly, Deon and NeNe's taxable income (all ordinary) is $1.180.200, and they itemize their deductions as follows:

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In 2021, Deon and NeNe are married filling Jointly, Deon and NeNe's taxable income (all ordinary) is $1.180.200, and they itemize their deductions as follows: real property taxes of $18,100, charitable contributions of $27,450, and mortgage interest expense of $53,200 ($700,000 acquisition debt for home). Use Exhibit 8-5 and Tax Rate Schedule for reference (Leave no answer blank. Enter zero if applicable) a. Dan and Anya's AMTI IS $ b. Don and Anya's AMT exemption is $ c. Dan and Anya's TMT is $ d. Dan and Anya's AMTISS EXHIBIT 8-5 2021 AMT Exemptions Filing Status Exemption Married filing jointly Married filing separately Head of household and single $114,600 57,300 73,600 Phase-Out Begins at Phase-Out Complete This Level of AMTI for This Level of AMTI $1,047,200 $1,505,600 523,600 752,800 523,600 818,000 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: $ 0 $ 19,900 10% of taxable income $ 19,900 $ 81,050 $1,990 plus 12% of the excess over $19,900 $ 81,050 $ 172,750 $9,328 plus 22% of the excess over $81,050 $ 172,750 $ 329,850 $29,502 plus 24% of the excess over $172,750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 $ 418,850 $ 628,300 $95,686 plus 35% of the excess over $418,850 $ 628,300 $168,993.50 plus 37% of the excess over $628,300

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