Amber,Inc.,has taxable income of $212,000.In addition,Amber accumulates the following information which may affect its AMT.

What is Amber's AMTI?
A)$212,000.
B)$233,000.
C)$238,000.
D)$249,000.
E)None of the above

Question

Amber,Inc.,has taxable income of $212,000.In addition,Amber accumulates the following information which may affect its AMT.

What is Amber's AMTI?
A)$212,000. 
B)$233,000. 
C)$238,000. 
D)$249,000. 
E)None of the above

Quizplus · Accepted Answer

Amber has the following positive adjustments and preferences: 11ea7f05_2e9a_27e0_92e1_0789410daecc_TB4123_00 
The stock options are a positive adjustment of $19,000 ($49,000 - $30,000)for Amber's president rather than for Amber.Charitable contributions are neither a tax preference nor an adjustment.
 11ea7f05_2e9a_27e1_92e1_ff09cc3bbf89_TB4123_00

Amber,Inc,Has Taxable Income of $212,000