Crimson,Inc. ,provides you with the following information: Regular corporate tax liability $ 22,250 AMT adjustments and preferences (excluding ACE adjustment) 80,000 ACE adjustment (prior positive adjustments are $17,000) (11,000) Taxable income 100,000 Calculate Crimson's AMT for 2015.

Question

Crimson,Inc. ,provides you with the following information: Regular corporate tax liability $ 22,250 AMT adjustments and preferences (excluding ACE adjustment) 80,000 ACE adjustment (prior positive adjustments are $17,000) (11,000) Taxable income 100,000 ​ Calculate Crimson's AMT for 2015.

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The Answer of Crimson,Inc. ,provides you with the following information: Regular corporate tax liability $ 22,250 AMT adjustments and preferences (excluding ACE adjustment) 80,000 ACE adjustment (prior positive adjustments are $17,000) (11,000) Taxable income 100,000 ​ Calculate Crimson's AMT for 2015.