A manufacturing company has the following items related to AMT: Alternative minimum taxable base $98,502,900 Regular tax
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A manufacturing company has the following items related to AMT:
Alternative minimum taxable base …………………$98,502,900
Regular tax ………………………………………… 11,202,098
Foreign AMT tax credit ……………………………. 1,400,000
Negative ACE adjustment from a prior year ………. 760,000
Calculate the company’s AMT, if any.
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Related Book For
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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