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The Falcon Corporation has $68,000 in taxable income. Its accountant uncovered $87,000 in net positive adjustments and $2,000 of preference items for its alternative minimum

The Falcon Corporation has $68,000 in taxable income. Its accountant uncovered $87,000 in net positive adjustments and $2,000 of preference items for its alternative minimum taxable income. What are the corporations AMTI and AMT? a. AMTI is: $ b. AMT is: $

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