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In each of the following cases, compute AMT (if any). For all cases, assume that taxable...

In each of the following cases, compute AMT (if any). For all cases, assume that taxable income does not include any dividend income or capital gain.

  1. Mr. and Mrs. Baker’s taxable income on their joint return was $202,000, and their AMTI before exemption was $204,800.
  2. Mr. Costa’s taxable income on his single return was $178,920, and his AMTI before exemption was $199,800.
  3. Ms. White’s taxable income on her single return was $653,475, and her AMTI before exemption was $796,400.

Assume the taxable year is 2019. Use Individual Tax Rate Schedules.

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