John and Susan File a Joint Income Tax Return for 2019

John and Susan file a joint income tax return for 2019. They have two dependent children, students, ages 19 and 20. John earns wages of $908,000 and John and Susan have interest income of $102,000. In 2019, they settle a state tax audit and pay $50,000 for back state taxes due to an overly aggressive tax-sheltered investment. Their other expenses for the year include: $$\begin{array} { l r } \text { Mortgage interest } & \$ 23,000 \\\text { Real estate taxes } & 12,000 \\\text { State taxes withheld } & 33,500 \\\text { Cash charitable contributions } & 56,000 \\\text { CPA fees for assistance with the state audit } & 4,500\end{array}$$
a.Calculate John and Susan's 2019 regular tax and tentative minimum tax on the schedule provided.


$\begin{array}{llcc} \text { Regul ar tax:} &\\ \text { Adjusted gross income } &\$\underline{\quad\quad}\\ \text {Itemized deductions: } &\\ \text { Total itemized deductions } &\\\\ \text { Taxable income} &\$\underline{\quad\quad}\\ \text { Tax from 2019 tax table} &\$\underline{\quad\quad}\\ \text {Alternative minimum tax: } &\\ \text { Adjusted gross income } &\$\underline{\quad\quad}\\ \text {Add tax preferences and adjustments: } &\underline{\quad\quad}\\ \text { Less allowable deductions:} &\underline{\quad\quad}\\ \text { Total deductions } &\underline{\quad\quad}\\ \text { Alternative minimum taxable income } &\$\underline{\quad\quad}\\ \text { The AMT exemption \(( \$ 111,700 )\) } &\underline{\quad\quad}\\ \text { Alternative minimum tax base} &\underline{\quad\quad}\\ \text { Tentative minimum tax } &\$\underline{\quad\quad}\\ \text {(26\% of income up to \(\$ 194,800 ; 28 \%\) of income in excess of \(\$ 194,800 )\) } &\\ \end{array}$









b.How much is the total tax liability shown on John and Susan's 2019 Form 1040?