Assume JJ Inc. must pay the AMT for the current year. Near the end of the year,

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Assume JJ Inc. must pay the AMT for the current year. Near the end of the year, JJ is considering making a charitable contribution of $20,000. What is its after-tax cost of the contribution under each of the following alternative scenarios?
a. JJ's AMTI before the transaction is $50,000.
b. JJ's AMTI before the transaction is $160,000.
c. JJ's AMTI before the transaction is $200,000.
d. JJ's AMTI before the transaction is $1,000,000.
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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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