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In 2022, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Ray's taxable income (all

In 2022, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Ray's taxable income (all ordinary) is $2,403,800, and they itemize their deductions as follows: state income taxes of $15,700 and mortgage interest expense of $25,000 (acquisition debt of $300,000).

a. What is Janet and Ray's AMT?

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