Determine Alternative Minimum Tax Exposure Practice Test

A married couple filing jointly has $\$310,000$ of wages, $\$4,000$ of taxable interest, $\$6,000$ of qualified dividends, and $\$40,000$ of long-term capital gains. They itemize deductions including $\$28,000$ of state income taxes and $\$12,000$ of real property taxes (both under IRC §164) and claim no credits. Under AMT rules (IRC §56), which adjustment is required for AMT calculation?

A single taxpayer has $\$195,000$ of wages, $\$1,100$ of taxable interest, $\$2,400$ of qualified dividends, and $\$10,000$ of long-term capital gains. The taxpayer exercised ISOs creating a $\$30,000$ spread at exercise and sold the shares in the same year in a disqualifying disposition. For AMT purposes, how does the ISO exercise generally affect AMTI compared with a same-year sale?