Question: Exercise 12-17 (Algorithmic) (LO. 2) Compute the 2022 AMT exemption for the following taxpayers. If an amount is zero, enter 0 . Click here


Exercise 12-17 (Algorithmic) (LO. 2) Compute the 2022 AMT exemption for the following taxpayers. If an amount is zero, enter " 0 ". Click here to access the exemption table. a. Bristol, who is single, has AMTI of $686,600. Her AMT exemption is $ b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,319,600. Their AMT exemption is $ Phaseout \begin{tabular}{lrrr} Status & Exemption & Begins at & Ends at \\ \cline { 3 - 4 } Married, joint & $118,100 & $1,079,800 & $1,552,200 \\ Single or head of household & 75,900 & 539,900 & 843,500 \\ Married, separate & 59,050 & 539,900 & 776,100 \\ \hline \end{tabular}
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