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The following information applies to the questions displayed below.] Olga is married and files a joint tax return with her husband. What amount of AMT

The following information applies to the questions displayed below.] Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8-5. (Leave no answer blank. Enter zero if applicable.)

b. Her AMTI is $1,107,000.

Amount of AMT exemption

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EXHIBIT 8-5 2018 AMT Exemptions Phase-Out Phase-Out Complete Begins at for This This Level Level of Filing Status Exemptioof AMTIAMTI Married filing jointly $109,400 $1,000,000 $1,437,600 500,000 718,800 500,000 781,200 Married filing separately 54,700 household and single70.300

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