The following information applies to the questions displayed below

Compute ACC Inc's tentative minimum tax (TMT), alternative minimum tax (AMT), and minimum tax credit (MTC) in each of the following alternative scenarios

a. ACC's alternative minimum tax base is $500,000and its regular tax liability is $80,000

TMT ....................

AMT ...................

MTC ..........................

c. ACC's alternative minimum tax base is $1,000,000 and its regular tax liability is $250,0000

TMT .......................

AMT .....................

MTC .........................