Brown Inc., a calendar year taxpayer, reported the following transactions.
Taxable income ................................................................................... $2,600,000
Depreciation for regular income tax purposes on realty (placed in service in 2006) ........ 550,000
Excess amortization of certified pollutions control facilities ................................... 450,000
Tax-exempt interest on private activity bonds (issued in 2007) ............................. 1,030,000
Percentage depletion in excess of the property's adjusted basis ................................ 60,000
a. Calculate Brown's regular income tax liability.
b. Calculate Brown's TMT.
c. Calculate Brown's AMT.