Mr. and Mrs. Stern reported $312,440 alternative minimum taxable income before any exemption on their 2016 Form 1040. Calculate their AMT exemption.

Name: Mr. and Mrs. Stern reported $312,440 alternative minimum taxable income before any exemption on their 2016 Form 1040. Calculate their AMT exemption.
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The Answer of Mr. and Mrs. Stern reported $312,440 alternative minimum taxable income before any exemption on their 2016 Form 1040. Calculate their AMT exemption.

Mr and Mrs