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A 15% alternative minimum tax is applied to corporate financial statement income. The new tax would only apply to A) Corporations with earnings of $1

A 15% alternative minimum tax is applied to corporate financial statement income. The new tax would only apply to

A) Corporations with earnings of $1 billion or more in average annual earnings in the previous three years

B) Real estate investment trusts (REITs)

C) Regulated invested companies (RICs)

D) S corporations

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