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In each of the following independent situations, determine the tentative minimum tax (assume the companies do not have small corporation status): AMTI* Tentative Minimum Tax
In each of the following independent situations, determine the tentative minimum tax (assume the companies do not have small corporation status):
AMTI* | Tentative Minimum Tax | ||
Brant Corporation | $170,000 | $ | |
Tern Corporation | 190,000 | $ | |
Snipe Corporation | 325,000 | $ |
* AMTI is before the exemption amount.
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