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Required information [The following information applies to the questions displayed below] In 2022, Deon and NeNe are married fiting jointly. Deon and NeNe's taxable income
Required information [The following information applies to the questions displayed below] In 2022, Deon and NeNe are married fiting jointly. Deon and NeNe's taxable income is $1,090,000 (all ordinary), and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 (\$700,000 acquisition debt for home). Use Exhibit 85 and Tax Rate Schedule for reference, a. What is Deon and NeNe's AMT? EXHIBIT 8-5 2022 AMT Exemptions 2022 Tax Rate Schedules Individuals Cohndwh V_1_Morriod Filine Inintly or Mnalifvino Widow(er)
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