Beggin Corporation has $100,000 of regular taxable income. It has $40,000 of positive adjustments and a $50,000

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Beggin Corporation has $100,000 of regular taxable income. It has $40,000 of positive adjustments and a $50,000 preference item. What is the corporation’s alternative minimum tax liability?

a. $38,000

b. $30,000

c. $9,750

d. $0

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Taxation For Decision Makers 2018

ISBN: 9781119373735

8th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 15, 2024 03:53 AM

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Beggin Corporation has $100,000 of regular taxable income. It has $40,000 of positive adjustments and a $50,000

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c 9750 AMTI is 160000 190000 ...View the full answer

Taxation For Decision Makers 2018

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