In its first year of operations (2013),Lavender,Inc.(a C corporation)has gross receipts of $8 million and net income of $2 million.Lavender is not subject to the AMT for 2013.

Name: In its first year of operations (2013),Lavender,Inc.(a C corporation)has gross receipts of $8 million and net income of $2 million.Lavender is not subject to the AMT for 2013.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The question provides no basis for Lavender, Inc. to be subject to the AMT for 2013, so the answer is true.

In Its First Year of Operations (2013),Lavender,Inc