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of 3 Required information Problem 8-57 (LO 8-2) [The following information applies to the questions...

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Accounting

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of 3 Required information Problem 8-57 (LO 8-2) [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.) Problem 8-57 Part a . a. Her AMTI is $418,500. Amount of AMT exemption nces Required information Problem 8-57 (LO 8-2) (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.) Problem 8-57 Part b b. Her AMTI is $1,086,000. Amount of AMT exemption ces XHIBIT 8-5 2019 AMT Exemptions Filing Status Exemption Phase-Out Begins at This Level of AMTI Married filing jointly Married filing separately Head of household and single $111,700 55,850 71,700 $1,020,600 510,300 510,300 Phase-Out Complete for This Level of AMTI $1,467,400 733,700 797,100

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