Required information Problem 8-61 (LO 8-2) (Static) Skip to question [The following information applies to the questions displayed below.] In 2020, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Rays taxable income is $2,400,000, and they itemize their deductions as follows: state income taxes of $10,000 and mortgage interest expense of $25,000 (acquisition debt of $300,000). Use Exhibit 8-5 and Tax Rate Schedule for reference. Problem 8-61 Part a (Static) a. What is Janet and Rays AMT?