Question: Vtech, a calendar year C corporation, has accumulated E & P of $2,900,000 as of January 1, 2016. Its current E & P for 2016

Vtech, a calendar year C corporation, has accumulated E & P of $2,900,000 as of January 1, 2016. Its current E & P for 2016 is $845,000, and it has reasonable business needs of $3,600,000. Vtech’s taxable income (as adjusted) is $845,000. Determine Vtech Corporation’s accumulated earnings credit and its ATI.

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