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Required information The following information applies to the questions displayed below! In 2021. Deon and NeNe are married filing jointly Deon and NeNe's taxable income
Required information The following information applies to the questions displayed below! In 2021. Deon and NeNe are married filing jointly Deon and NeNe's taxable income (allordinary is $1085,800, and they itemize their deductions as follows.real property taxes of $14600, charitable contributions of $26150, and mortgage interest expense of $53,000 $700.000 acquisition debt for home). Use Exhibit a 5 and Tax Rate Schedule for reference a. What is Deon and NeNe's AMT? NeeSANI EXHIBIT S-5 2021 AMT Exemptions Phase-Out Complete Phase-Out Begins at Filing Status Exemption This Level of AMTI for This Level of AMTI Married filing jointly $114,600 $1.047,200 $1 505,600 Married filing separately 57,300 523,600 752,800 Head of household and single 73,600 523,600 818,000 2021 Tax Rate Schedules Individual Schedule X Sale Les over Datorer Thetarit $0 59.950 of table in 39950 5805993 of the cover $9.950 5.4033 S8634662 the over 500825 3933 $1602251425120ofthe Over 586.375 316893 32000533.60 plus 125 of the excess Over $164.925 5209,35 552 54750 plus of the center 209.425 3:17.00 5157.25 sf the Over 323.600 Shelly Maria Jose Olifying Wor) Homeincometerinter 50 $19000 SOS 13 VE 319 900 501050 the excess over 5050 SISTERS OS119850 of 418 830 Subb The TE 18:50 LOG. M O . W E R T A . D G
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