Dan and Maureen file a joint income tax return for 2017.They have two dependent children,ages 7 and 9.Together they earn wages of $152,000.They also receive taxable interest income of $8,000 and interest on City of Los Angeles bonds of $12,000.During 2017,they received a state income tax refund of $3,000 relating to their 2016 state income tax return on which they itemized deductions.Their expenses for the year consist of the following:
Calculate Dan and Maureen's tentative minimum tax liability assuming an AMT exemption amount of $84,500,before any phase-outs.Show your calculations.

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The Answer of Dan and Maureen file a joint income tax return for 2017.They have two dependent children,ages 7 and 9.Together they earn wages of $152,000.They also receive taxable interest income of $8,000 and interest on City of Los Angeles bonds of $12,000.During 2017,they received a state income tax refund of $3,000 relating to their 2016 state income tax return on which they itemized deductions.Their expenses for the year consist of the following:
Calculate Dan and Maureen's tentative minimum tax liability assuming an AMT exemption amount of $84,500,before any phase-outs.Show your calculations.

Dan and Maureen File a Joint Income Tax Return for 2017.They