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Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following

Olga is married and files a joint tax return with her husband.

What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8-5.

Note: Leave no answer blank. Enter zero if applicable.

Required:

Her AMTI is $392,500.

Her AMTI is $1,181,000.

Her AMTI is $1,602,500.

EXHIBIT 8-5 2022 AMT Exemptions

Filing Status Exemption Phase-Out Begins at This Level of AMTI Phase-Out Complete for This Level of AMTI
Married filing jointly $118,100 $1,079,800 $1,552,200
Married filing separately 59,050 539,900 776,100
Head of household and single 75,900 539,900 843,500

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