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Mandarini Mandarini
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7 years ago
Mountaineer, Inc. has the following results:

Regular corporate tax liability   $   400,000
Taxable income   2,000,000
Preferences   500,000
Adjustments   (200,000)

What is the amount of the alternative minimum tax?
A) $0
B) $60,000
C) $100,000
D) none of the above
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Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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strwbrrystrwbrry
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7 years ago
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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