Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2020. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The Patels itemize their deductions. Click here to access the exemption table. a. Compute the Patels' alternative minimum taxable income (AMTI) for 2020. Taxable income 1,008,000 Plus: positive AMT adjustments 75,000 Plus: AMT preference items 67,500 Equals: AMTI 1,150,500 b. Compute the Patel's tentative minimum tax. Computation of AMT Base and Tax AMTI 1,150,500 AMT exemption 0 AMT base 0 TMT 0 Phaseout Begins at Ends at Status Married, joint Single or head of household Married, separate Exemption $113,400 72,900 56,700 $1,036,800 518,400 518,400 $1,490,400 810,000 745,200