Smoke,Inc.,provides you with the following information:
$\begin{array}{ll}
\text{Regular corporate tax liability}&\$22,250\
\text{AIVI adjustments and preferencess (excluding ACE adjustment)}&80,000\
\text{ACE adjustment (prior positive adjustments are } \$17,000&(11,000)\
\text{Taxable income}&100,000
\end{array}$ Calculate Smoke's AMT for 2013.

Question

Smoke,Inc.,provides you with the following information:
 $\begin{array}{ll}
\text{Regular corporate tax liability}&\$22,250\
\text{AIVI adjustments and preferencess (excluding ACE adjustment)}&80,000\
\text{ACE adjustment (prior positive adjustments are } \$17,000&(11,000)\
\text{Taxable income}&100,000
\end{array}$ Calculate Smoke's AMT for 2013.

Quizplus · Accepted Answer

The Answer of Smoke,Inc.,provides you with the following information:
 $\begin{array}{ll}
\text{Regular corporate tax liability}&\$22,250\
\text{AIVI adjustments and preferencess (excluding ACE adjustment)}&80,000\
\text{ACE adjustment (prior positive adjustments are } \$17,000&(11,000)\
\text{Taxable income}&100,000
\end{array}$ Calculate Smoke's AMT for 2013.

Smoke,Inc,Provides You with the Following Information Calculate Smoke's AMT for 2013