Beggin Corporation has $100,000 of regular taxable income. It has $40,000 of positive adjustments and a $50,000
Question:
Beggin Corporation has $100,000 of regular taxable income. It has $40,000 of positive adjustments and a $50,000 preference item. What is the corporation’s alternative minimum tax liability?
a. $38,000
b. $30,000
c. $9,750
d. $0
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c 9750 AMTI is 160000 190000 ...View the full answer
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Related Book For
Taxation For Decision Makers 2018
ISBN: 9781119373735
8th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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