! Required information [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 Ray's taxable income is $2,520,000, 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. a. What is Janet and Ray's AMT? Janet and Ray's AMT