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Assume JJ Inc. must pay the AMT for the current year.Near the end of the yeay, JJ is considering making a charitable contribution of $20,000.
Assume JJ Inc. must pay the AMT for the current year.Near the end of the yeay, 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?
1. JJ's AMTI before the transaction is $160,000
2. JJ's AMTI before the transaction is $1,000,000
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