Please show all work and the form $6251$ filled out.

1. In 2023, Deon and are married filing jointly. Deon and N.eNe!5 taxable income is $1,390,000 (all ordinary), and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ($700,000 acquisition debt for home). Use Exhibit 8-5 and Tax Rate Schedule for reference. Schedule Y-I-Married Filing Jointly or Qualifying surviving spouse f taxable income is over: ut not over: $ 22,000 $ 89,450 $ 190,750 $ 364,200 $ 462,500 $ 693,750 $ 22,000 $ 89,450 $ 190,750 $ 364200 $ 462500 $ 693,750 EXHIBIT 8-5 2023 AMT Exemptions The tax is: 10% of taxable income $2,200 plus 12% of the excess over $22,000 $10,294 lus 22% of the excess over $89,450 $32,580 plus 24% of the excess over $190,750 $74,208 plus 32% of the excess over $364,200 $105,664 lus 35% of the excess over $462,500 $186,601.5 plus 37% of the excess over $693,750 Phase-Out Complete Phase-Out Begins at Filing Status Married filing jointly Married filing separately Head of household and single Exemption for This Level of This Level of AMTI $126500 63,250 81 ,300 $1,156,300 578,150 578,150 831,150 903,150 a. b. What is Deon and AMT? Complete Form 6251 for Deon and NeNe.