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What is the AMT of Janet and Ray

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Question: In 2016, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Ray's taxable income is $140,000, and they itemize their deductions as follows: real property taxes of $5,000, state income taxes of $9,000, and mortgage interest expense of $15,000 (not a home-equity loan). (Use 2016 AMT exemption amounts).

a. What is Janet and Ray's AMT?

Reference no: EM131886686

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