Nickel Corporation, a calendar year corporation formed in 2012, has average gross receipts of $5.7 million, $4.2 million, and $4.8 million in 2012, 2013, and 2014, respectively. In 2014, Nickel is:
A) Not subject to the corporate income tax.
B) A small corporation with respect to the AMT.
C) Not subject to the AMT.
D) Subject to the AMT.
E) None of the above.
Correct Answer:
Verified
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