Question
n 2017, Deon and NeNe are married filing jointly. They have three dependent children under 18 years of age. Deon and NeNes AGI is $915,600,
n 2017, Deon and NeNe are married filing jointly. They have three dependent children under 18 years of age. Deon and NeNes AGI is $915,600, their taxable income is $838,100, and they itemize their deductions as follows: real property taxes of $14,800, state income taxes of $59,000, miscellaneous itemized deductions of $4,200 (subject to but in excess of 2 percent AGI floor), charitable contributions of $7,600, and mortgage interest expense of $60,800 ($20,700 of which is attributable to a home-equity loan used to buy a new car)
What is Deon and NeNe's AMT?
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