Problem 12-27 (LO. 2, 3, 4) Calculate the exemption amount for the following cases in 2021 for a married taxpayer filing jointly and a married taxpayer filing separately Click here to access the exemption table. If an amount is zero, enter a "0". MED MES AMT Exemption AMT Exemption 1 $350,000 AMTI Case 2 1,200,000 3 1.800,000 Phaseout Status Exemption Ends at Married joint Single or head of household Married, separate $114,600 73,600 57,300 Begins at $1,047,200 523,600 523,600 $1,505,600 818,000 752,800