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[87] Gleim #: 11.6.57 Given the following facts, what is the amount of Wood Corporations alternative minimum tax? Taxable income before net operating loss deductions

[87] Gleim #: 11.6.57 Given the following facts, what is the amount of Wood Corporations alternative minimum tax? Taxable income before net operating loss deductions 120,000 Total adjustments to taxable income (12,000) Total tax preference items 15,000 Regular income tax 32,000 A. B. C. D. $1,250 $0 $450 $850

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