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Problem 8-62 (LO 8-2) (Algo) [The following information applies to the questions displayed below.] In 2023, Deon and NeNe are married filing jointly. Deon and

image text in transcribedimage text in transcribedimage text in transcribed Problem 8-62 (LO 8-2) (Algo) [The following information applies to the questions displayed below.] In 2023, Deon and NeNe are married filing jointly. Deon and NeNe 's taxable income (all ordinary) is $1,422,000, and they itemize their deductions as follows: real property taxes of $18,200, charitable contributions of $27,850, and mortgage interest expense of $56,200 ( $700,000 acquisition debt for home). Use Exhibit 8-5 and Tax Rate Schedule for reference. Problem 8-62 Part a (Algo) a. What is Deon and NeNe's AMT? EXHIBIT 8-5 2023 AMT Exemptions 2023 Tax Rate Schedules Individuals

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