A manufacturing company has the following items related to AMT: Alternative minimum taxable base $98,502,900 Regular tax

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A manufacturing company has the following items related to AMT:

Alternative minimum taxable base …………………$98,502,900

Regular tax ………………………………………… 11,202,098

Foreign AMT tax credit ……………………………. 1,400,000

Negative ACE adjustment from a prior year ………. 760,000

Calculate the company’s AMT, if any.

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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: Sep 09, 2015 06:39 AM

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A manufacturing company has the following items related to AMT: Alternative minimum taxable base $98,502,900 Regular tax

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7098482 The tentative minimum tax before AMT foreign tax ...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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