Jahlil Corporation has GAAP net income of $$4,680,000,000.$ To compute Jahlil's AFSI, the following

items may require adjustment:

Federal income tax expense for book purposes totals $$1,084,100,000.$

MACRS depreciation is $$960,000,000$; book depreciation is $$574,000,000.$

Book net operating loss carryforwards total $$340,000,000.$

Required:

a$.$ Compute Jahlil Corporation's AFSI.

b$.$ If Jahlil's regular tax liability is $$748,500,000,$ compute the corporation's tentative minimum tax,

AMT, and total tax liability.

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Compute Jahlil Corporation's AFSI.

AFSI $,$$$5,810,100,000$

$$5,810,100,000$Jahlil Corporation has GAAP net income of $$4,680,000,000.$ To compute Jahlil's AFSI, the following

items may require adjustment:

Federal income tax expense for book purposes totals $$1,084,100,000.$

MACRS depreciation is $$960,000,000$; book depreciation is $$574,000,000.$

Book net operating loss carryforwards total $$340,000,000.$

Required:

a$.$ Compute Jahlil Corporation's AFSI.

b$.$ If Jahlil's regular tax liability is $$748,500,000,$ compute the corporation's tentative minimum tax,

AMT, and total tax liability.

Answer is not complete.

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PLEASE ANSWER A & B THANK YOU