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Required information Problem 8-62 (LO 8-2) (Algo) [The following information applies to the questions displayed below.] In 2023 , Deon and NeNe are married filing
Required information 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 $1,430,000, and they itemize their deductions as follows: real property taxes of $14,900, charitable contributions of $25,550, and mortgage interest expense of $48,800 ( $700,000 acquisition debt for home). Use and Tax Rate Schedule for reference. Problem 8-62 Part a (Algo) a. What is Deon and NeNe's AMT? Answer is complete but not entirely correct
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