Question: If a corporations tentative minimum tax exceeds the regular tax, the excess amount is a. Carried back to the first preceding taxable year. b. Carried

If a corporation’s tentative minimum tax exceeds the regular tax, the excess amount is

a. Carried back to the first preceding taxable year.

b. Carried back to the third preceding taxable year.

c. Payable in addition to the regular tax.

d. Subtracted from the regular tax.

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