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The Birch Corporation Has Regular Taxable Income of $85,000 and a Regular

Question 71

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The Birch Corporation has regular taxable income of $85,000 and a regular tax liability of $17,150.The corporation also has $45,000 of tax preference items.Calculate Birch Corporation's alternative minimum tax liability.Assume that the Birch Corporation is not a "small corporation."

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$850,calculated as [...

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