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

Question 97

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Sage,Inc.,has the following gross receipts and taxable income:
Goss receiptsTaxable income2001$5,600,000$120,00020024,300,000190,00020037,200,000162,00020049,000,000180,00020056,200,000150,00020066,500,000160,00020076,800,000162,00020087,000,000154,00020097,200,000190,00020107,100,000200,00020117,300,000185,00020127,200,000201,00020137,000,000225,000\begin{array}{lcc}&\text{Goss receipts}&\text{Taxable income}\\\hline2001 & \$ 5,600,000 & \$ 120,000 \\2002 & 4,300,000 & 190,000 \\2003 & 7,200,000 & 162,000 \\2004 & 9,000,000 & 180,000 \\2005 & 6,200,000 & 150,000 \\2006 & 6,500,000 & 160,000 \\2007 & 6,800,000 & 162,000 \\2008 & 7,000,000 & 154,000 \\2009 & 7,200,000 & 190,000 \\2010 & 7,100,000 & 200,000 \\2011 & 7,300,000 & 185,000 \\2012 & 7,200,000 & 201,000 \\2013 & 7,000,000 & 225,000\end{array} Is Sage,Inc.,subject to the AMT in 2013?

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Sage,Inc.is not subject to the AMT in 20...

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