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Homework answers / question archive / Compute the 2020 AMT exemption for the following taxpayers

Compute the 2020 AMT exemption for the following taxpayers

Accounting

Compute the 2020 AMT exemption for the following taxpayers. If an amount is zero, enter "O". Click here to access the exemption table. a. Bristol, who is single, has AMTI of $566,600. Her AMT exemption is $ X. b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,176,800. Their AMT exemption is $ 0 X.

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a. For 2020, AMT Exemption for Bristol can be maximum of $72900. It is $60850

b. Marley and Naila who are filing joint tax return. Their AMT Exemption would be max of$113400 For 2020. It is $78400

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