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Sage, Inc, Has the Following Gross Receipts and Taxable Income

Question 86

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Sage, Inc., has the following gross receipts and taxable income:
Gross receiptsTaxable income2002$5,600,000$120,00020034,300,000190,00020047,200,000162,00020059.000.000180,00020066,200,000150,00020076,500,000160,00020086,800,000162,00020097,000,000154,00020107,200,000190,00020117,100,000200,00020127,300,000185,00020137,200,000201,00020147,000,000225,000\begin{array}{lcc}& \text {Gross receipts}& \text {Taxable income}\\2002 & \$ 5,600,000 & \$ 120,000 \\2003 & 4,300,000 & 190,000 \\2004 & 7,200,000 & 162,000 \\2005 & 9.000 .000 & 180,000\\2006 & 6,200,000 & 150,000 \\2007 & 6,500,000 & 160,000 \\2008 & 6,800,000 & 162,000 \\2009 & 7,000,000 & 154,000 \\2010 & 7,200,000 & 190,000\\2011 & 7,100,000 & 200,000 \\2012 & 7,300,000 & 185,000 \\2013 & 7,200,000 & 201,000 \\2014 & 7,000,000 & 225,000\end{array}
Is Sage, Inc., subject to the AMT in 2014?

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Sage, Inc. is not subject to the AMT in ...

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