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Lemon,Inc,Has the Following Items Related to the AMT The Corporation's AMT,if Any,is:
A)$0

Question 70

Multiple Choice

Lemon,Inc.,has the following items related to the AMT:  Alternative minimum tax base $10,275,500 Regular corporate tax 1,112,500 Foreign AMT tax credit 187,020 Cost of gonds sold 2,260,020\begin{array}{ll}\text { Alternative minimum tax base } & \$ 10,275,500 \\\text { Regular corporate tax } & 1,112,500 \\\text { Foreign AMT tax credit } & 187,020 \\\text { Cost of gonds sold } & 2,260,020\end{array} The corporation's AMT,if any,is:


A) $0.
B) $755,580.
C) $1,868,080.
D) $2,055,100.
E) None of the above.

Correct Answer:

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