Cliff Is Married and Files a Joint Return

Multiple Choice

Cliff is married and files a joint return.His return shows AGI of $1,268,000 and regular taxable income of $1,224,000.He has $30,000 of preference items and $21,000 of net positive adjustments (including adjustments for itemized deductions) .The $111,700 exemption begins to phase out at $1,020,600.What is his AMTI exemption amount?

A) $91,700
B) $63,600
C) $48,100
D) $28,825