Jahlil Corporation has GAAP net income of $$4,670,000,000.$ To compute Jahlil's AFSI, the following items

may require adjustment:

Federal income tax expense for book purposes totals $$1,074,100,000.$

MACRS depreciation is $$950,000,000$; book depreciation is $$564,000,000.$

Book net operating loss carryforwards total $$330,000,000.$

Required:

a$.$ Compute Jahlil Corporation's AFSI.

b$.$ If Jahlil's regular tax liability is $$747,500,000,$ compute the corporation's tentative minimum tax, AMT,

and total tax liability.

Answer is complete but not entirely correct.

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Required A

Compute Jahlil Corporation's AFSI.