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Jahlil Corporation has GAAP net income of $ 4 , 6 8 0 , 0 0 0 , 0 0 0 . To compute Jahlil's
Jahlil Corporation has GAAP net income of $ To compute Jahlil's AFSI, the following
items may require adjustment:
Federal income tax expense for book purposes totals $
MACRS depreciation is $; book depreciation is $
Book net operating loss carryforwards total $
Required:
a Compute Jahlil Corporation's AFSI.
b If Jahlil's regular tax liability is $ compute the corporation's tentative minimum tax,
AMT, and total tax liability.
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Compute Jahlil Corporation's AFSI.
AFSI $
$Jahlil Corporation has GAAP net income of $ To compute Jahlil's AFSI, the following
items may require adjustment:
Federal income tax expense for book purposes totals $
MACRS depreciation is $; book depreciation is $
Book net operating loss carryforwards total $
Required:
a Compute Jahlil Corporation's AFSI.
b If Jahlil's regular tax liability is $ compute the corporation's tentative minimum tax,
AMT, and total tax liability.
Answer is not complete.
Complete this question by entering your answers in the
PLEASE ANSWER A & B THANK YOU
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