In 2017, Marron, Inc., has a tentative minimum tax of $1,223,690 and a regular tax liability of

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In 2017, Marron, Inc., has a tentative minimum tax of $1,223,690 and a regular tax liability of $1,102,005. Assume the company does not have a minimum tax credit carryover from 2016. During 2018, the company's tentative minimum tax is $976,420 and its regular tax liability (before any minimum tax credit) is $993,014. Calculate Marron's tax payable in 2018, and any minimum tax credit carryovers.

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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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Question Posted: Jan 30, 2018 08:35 AM

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In 2017, Marron, Inc., has a tentative minimum tax of $1,223,690 and a regular tax liability of

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2017 Calculations Tentative minimum tax 1223690 Regular tax liability 1102005 ...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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