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The Individual Alternative Minimum Tax (AMT) (LO 6.5) Rachel and Ross file jointly in 2022 and have alternative minimum taxable income of $1.3 million prior

The Individual Alternative Minimum Tax (AMT) (LO 6.5)

Rachel and Ross file jointly in 2022 and have alternative minimum taxable income of $1.3 million prior to the AMT exemption.

Compute their exemption and AMTI after the exemption.

Line Item Description	Amount
Exemption	$fill in the blank 1
AMTI	$fill in the blank 2

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