Mike and Carol are married and file jointly. They are both in demand in their respective industries and combined make more than $700,000 each year. Other information relating to Mike and Carols tax return follow.

(for 2019)

Federal filing status: Married Filing Jointly

Total itemized deductions $87,278

Federal Schedule A, Line 4 $3,200

Federal AGI $653,441

Personal and real property taxes $42,578

Mortgage interest not used to buy, build or improve home $15,000

Miscellaneous itemized deductions $1,500

1. What is the couples exemption amount for Alternative Minimum Tax purposes prior to phase-out reduction?
2. What is the couples exemption amount for Alternative Minimum Tax purposes after phase-out?
3. What is the couples total adjustments on line 14 of Schedule P?
4. What is the couples regular tax before credits from Form 540, line 31?
5. What is the couples tentative minimum tax?
6. What is the couples alternative minimum tax?