Question
In 2018, Plum Corporation has regular income tax liability of $12,500. Plum has an alternative minimum tax (AMT) credit carryforwards of $20,000 from prior years.
In 2018, Plum Corporation has regular income tax liability of $12,500. Plum has an alternative minimum tax (AMT) credit carryforwards of $20,000 from prior years. What is Plum Corporations remaining AMT credit carryforward after applying the maximum credit against 2018? $_______________
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The Business Strategy Audit
Authors: Vernal Della-Piana, Murray Low, Kendall Lyman
1st Edition
978-0955970740
