Hydrangia Corporation reports the following results for the current year:
$\begin{array}{lc}
\text { Taxable income }&\$300,000\
\text { Interest on private activity bonds } & 20,000 \
\text { Life insurance proceeds } & 250,000 \
\text { Dividends-received deduction } & 50,000
\end{array}$ Depreciation claimed for:
$\begin{array} { l }
\text {Taxable income purposes }&175,000\
\text {AMT purposes }&130,000\
\text { Adjusted curyent earnings}&800,000\
\end{array}$
What is Hydrangia Corporation's alternative minimum tax liability?

Question

Hydrangia Corporation reports the following results for the current year:
 $\begin{array}{lc}
\text { Taxable income }&\$300,000\
\text { Interest on private activity bonds } & 20,000 \
\text { Life insurance proceeds } & 250,000 \
\text { Dividends-received deduction } & 50,000
\end{array}$ Depreciation claimed for:
 $\begin{array} { l  }
 \text {Taxable income purposes  }&175,000\
 \text {AMT purposes }&130,000\
 \text { Adjusted curyent earnings}&800,000\
\end{array}$
 What is Hydrangia Corporation's alternative minimum tax liability?

Quizplus · Accepted Answer

The Answer of Hydrangia Corporation reports the following results for the current year:
 $\begin{array}{lc}
\text { Taxable income }&\$300,000\
\text { Interest on private activity bonds } & 20,000 \
\text { Life insurance proceeds } & 250,000 \
\text { Dividends-received deduction } & 50,000
\end{array}$ Depreciation claimed for:
 $\begin{array} { l  }
 \text {Taxable income purposes  }&175,000\
 \text {AMT purposes }&130,000\
 \text { Adjusted curyent earnings}&800,000\
\end{array}$
 What is Hydrangia Corporation's alternative minimum tax liability?

Hydrangia Corporation Reports the Following Results for the Current Year