Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Exercise 22

Should Harris Corporation accelerate $100,000 of gross income into 2014, its first year subject to the AMT Harris is subject to a 14 percent cost of capital. The corporate AMT rate is a flat 20 percent, and Harris Corporation exceeds the annual AMT exemption phase-out level of income.
a.
b.

.