Question: help with these 2 problems!! :) Required information [The following information applies to the questions displayed below.) Olga is married and files a joint tax


Required information [The following information applies to the questions displayed below.) Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8.5 (Leave no answer blank. Enter zero if applicable.) .. Her AMTI is $398,500. Required information [The following information applies to the questions displayed below.) Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8.5. (Leave no answer blank. Enter zero if applicable.) b. Her AMTI is $1,111,000. Amount of AMT exemption EXHIBIT 8-5 2019 AMT Exemptions Filing Status Phase Out Begins at Phase-Out Complete Exemption for This Level of This Level of AMTI AMTI $111,700 $1,020,600 $1,467,400 55,850 510,300 733,700 71,700 510,300 797,100 Married filing jointly Married filing separately Head of household and single
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