A corporation has the following items related to the AMT. The corporation's AMT, if any, is:

Question

A corporation has the following items related to the AMT.  The corporation's AMT, if any, is:

Quizplus · Accepted Answer

Without any further information, we cannot know for certain the exact amount of the corporation's AMT. However, we can eliminate choices A and E since the corporation has some items related to the AMT. 
To calculate the tentative minimum tax, we need to add back certain deductions and credits and apply a lower tax rate (20%) to arrive at the corporation's AMT. Therefore, the AMT is likely to be higher than the regular tax liability. 
Based on the given items related to the AMT, it seems that the corporation is subject to the AMT. Therefore, choice B is the best answer since it is the lowest amount among the remaining choices.

A Corporation Has the Following Items Related to the AMT