Samson and Delilah file a joint income tax return for 2020. They have two dependent children, students, ages 19 and 20. Samson earns wages of $150,000 and they have corporate bonds interest income of $15,000 and a state income tax refund of $9,000.

Their expenses for the year include:

Real estate taxes $12,000

State taxes withheld 3,500

Cash contributions 3,000

What is their alternative minimum taxable income?

Select one:

a. $174,000

b. $153,500

c. $162,000

d. $147,000

e. None of the above.