A corporation's regular taxable income for the preceding three years averages $7.499 million.The AMT does not apply because of the exception for small corporations.

Name: A corporation's regular taxable income for the preceding three years averages $7.499 million.The AMT does not apply because of the exception for small corporations.
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The AMT exception for small corporations applies to corporations with average gross receipts (not taxable income)of $7.5 million or less.

A Corporation's Regular Taxable Income for the Preceding Three Years