In the current year, Redland Corporation's regular tax liability was $28,000, and its AMTI was $232,000. Redland

Question:

In the current year, Redland Corporation's regular tax liability was $28,000, and its AMTI was $232,000. Redland is not a small corporation, and this is not its first year of operations.
a. Compute Redland's current year AMT.
b. How would your answer to part (a) change if Redland's regular tax liability was $88,000 in the current year?