Question
Corp reports -
Taxable income 300,000
Interest on private activity bonds 20,000
Life insurance proceeds 250,000
Dividends-received deduction 50,000
Depreciation claimed for:
Taxable income purposes 175,000
AMT purposes 130,000
Adjusted current earnings 800,000
What is th e alternative minimum tax liability?
Taxable income 300,000
Interest on private activity bonds 20,000
Life insurance proceeds 250,000
Dividends-received deduction 50,000
Depreciation claimed for:
Taxable income purposes 175,000
AMT purposes 130,000
Adjusted current earnings 800,000
What is th e alternative minimum tax liability?
Answers
Hmm... I think its yellow