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Business, 10.03.2020 05:58 Ap621765

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?

Filling Status Exemptions Phase out Begins at this level of AMTI Phase out complete for this level of AMTI
Married filing jointly $84,500 $160,900 $498,900
Married filing separately 42,250 89,450 249,450
Head of household and single 54,300 120,700 337,900

a. Her AMTI is $90,000
b. Her AMTI is $180,000
c. Her AMTI is $500,000

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