Nickel Corporation has average gross receipts of $5.6 million, $4.6 million, and $4.7 million in 2009, 2010, and 2011, respectively. Nickel is:
A) Not subject to the corporate income tax.
B) A small corporation with respect to the AMT.
C) Subject to the AMT.
D) Not a small corporation with respect to the AMT.
E) None of the above.
Correct Answer:
Verified
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