What is the AMT exemption amount for a corporation with AMT income of $200,000?

Name: What is the AMT exemption amount for a corporation with AMT income of $200,000?
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Quizplus · Accepted Answer

The AMT exemption amount for corporations is $40,000 minus 25% of alternative minimum taxable income (AMTI) over $150,000. In this case, the AMT income is $200,000, and the calculation would be: $40,000 - [($200,000 - $150,000) x 25%] = $27,500. Therefore, the correct answer is C.

What Is the AMT Exemption Amount for a Corporation with AMT