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

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Accounting

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Required information Problem 8-57 (LO 8-2) (Algo) [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 (Algo) b. Her AMTI is $1,082,400. Amount of AMT exemption Problem 8-57 Part c (Algo) c. Her AMTI is $1,506,000. Amount of AMT exemption EXHIBIT 8-5 2020 AMT Exemptions Filing Status Exemption Married filing jointly Married filing separately Head of household and single $113.400 56,700 72.900 Phase-Out Begins at Phase-Out Complete for This Level of This Level of AMTI AMTI $1,036,800 $1,490.400 518.400 745,200 518,400 810,000

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