Compute the $2024$ AMT exemption for the following taxpayers:

Round final answer to the nearest dollar. If an amount is zero, enter $"0".$

Click here to access the exemption table.

a$.$ Bristol, who is single, has AMTI of $$758,800.$ Her AMT exemption is $ $.$

b$.$ Marley and Naila are married and file a joint tax return. Their AMTI is $$1,362,000.$ Their AMT exemption is $ $$

Feedback

$$Check My Work

In theory, all individual taxpayers subject to the Federal income tax are subject to AMT. Whether a taxpayer has an AMT liability depends on a number of factors, including the taxpayer's income, family situation as well as the exclusions, deductions, and credits utilized in the calculation of

their regular Federal income tax liability. The AMT exemption amounts are phased out when AMTI exceeds certain threshold amounts.

$\backslash$table$[[$Status$,$Exemption,Phaseout$],[$Begins at$,$Ends at$],[$Married$,$ joint,$$133,300,$$$1,218,700,$$$1,751,900],[$Single or head of household,$85,700,609,350,952,150],[$Married$,$ separate,$66,650,609,350,875,950]]$