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URGENT ! [The following information applies to the questions displayed below.] In 2021, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income
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[The following information applies to the questions displayed below.] In 2021, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income (all ordinary) is $1,152,100, and they itemize their deductions as follows: real property taxes of $10,300, charitable contributions of $25,250, and mortgage interest expense of $44,800 ($700,000 acquisition debt for home). Use Exhibit 8-5 and Tax Rate Schedule for reference. (Leave no answer blank. Enter zero if applicable) a. Dan and Anya's AMTI is $ b. Dan and Anya's AMT exemption is $ 114600 c. Dan and Anya's TMT is $ d. Dan and Anya's AMT is $ 270886Step by Step Solution
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