please help I dont understand what do its an emergency

Jean and Tim, the parents of two children, had the following tax facts: Income: - Wages: 5400,000 - Business income: $89,500 - 1202 Capital Gain (stock purchased in 2012): $45,000 - Interest Income: 58,500 Itemized Deductions: - 1/2 Self-Employment Tax: $1,198 - Medical Expenses: $44,000 - Casualty Loss (Federal disaster): $90,000 - Housing Interest: $7,000 - Investment interest: $26,000 - Personal Interest: $4,000 - Charitable Contributions: $25,000 - State \& Local Income Taxes \& Real Estate Taxes: $12,000 Other Tax Preferences: - Private Purpose Municipal Bond Income: $40,000 - Excess of Accelerated Depreciation: \$12,000 - General Business Credit: \$8,000 Assignment Instructions Create an Excel spreadsheet to submit your answers with two tabs, - Compute both regular income tax and AMT for Jean and Tim using the information provided. - Access the information in the links below as needed. MFJ Regular Tax Rate Schedule Amter. Mintmem tax (AMT) RATE Schedule Alternative Minimum Tax (AMT) Rate Schedule ALter. Minimum Tax (AMT) RATL SCHEdULE Alternative Minimum Tax (AMT) Rate Schedule AMT ExEMIMTION AMOUNT Alternative Minimum Tax (AMT) Exemption Amount Exemption is phased out by 25 cents for every dollar that AMTI exceeds the threshold amount. Jean and Tim, the parents of two children, had the following tax facts: Income: - Wages: 5400,000 - Business income: $89,500 - 1202 Capital Gain (stock purchased in 2012): $45,000 - Interest Income: 58,500 Itemized Deductions: - 1/2 Self-Employment Tax: $1,198 - Medical Expenses: $44,000 - Casualty Loss (Federal disaster): $90,000 - Housing Interest: $7,000 - Investment interest: $26,000 - Personal Interest: $4,000 - Charitable Contributions: $25,000 - State \& Local Income Taxes \& Real Estate Taxes: $12,000 Other Tax Preferences: - Private Purpose Municipal Bond Income: $40,000 - Excess of Accelerated Depreciation: \$12,000 - General Business Credit: \$8,000 Assignment Instructions Create an Excel spreadsheet to submit your answers with two tabs, - Compute both regular income tax and AMT for Jean and Tim using the information provided. - Access the information in the links below as needed. MFJ Regular Tax Rate Schedule Amter. Mintmem tax (AMT) RATE Schedule Alternative Minimum Tax (AMT) Rate Schedule ALter. Minimum Tax (AMT) RATL SCHEdULE Alternative Minimum Tax (AMT) Rate Schedule AMT ExEMIMTION AMOUNT Alternative Minimum Tax (AMT) Exemption Amount Exemption is phased out by 25 cents for every dollar that AMTI exceeds the threshold amount