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Peach Corporation (a calendar year company) recorded the following transactions Assume that the corporation is not a small corporation, this is not its first year

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Peach Corporation (a calendar year company) recorded the following transactions Assume that the corporation is not a small corporation, this is not its first year of operations, and it does not record an ACE adjustment. Taxable income $5,000,000 Regular tax depreciation on realty in excess of ADs (placed in service in 1991) 1,700,000 Amortization of certified pollution control facilities (in excess of ADs amortization) 200,000 Tax-exempt interest on private activity bonds issued 300,000 in 2013 Percentage depletion in excess of the property's $700,000 adjusted basis Peach is in the 34% tax bracket for regular income tax purposes. If an amount is zero, enter "o" a. Peach Corporation's AMTI is b. The alternative minimum tax base is Peach Corporation (a calendar year company) recorded the following transactions Assume that the corporation is not a small corporation, this is not its first year of operations, and it does not record an ACE adjustment. Taxable income $5,000,000 Regular tax depreciation on realty in excess of ADs (placed in service in 1991) 1,700,000 Amortization of certified pollution control facilities (in excess of ADs amortization) 200,000 Tax-exempt interest on private activity bonds issued 300,000 in 2013 Percentage depletion in excess of the property's $700,000 adjusted basis Peach is in the 34% tax bracket for regular income tax purposes. If an amount is zero, enter "o" a. Peach Corporation's AMTI is b. The alternative minimum tax base is

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