Politz Corporation has average gross receipts of $4.7 million,$4.6 million,and $6.2 million in 2009,2010,and 2011,respectively.In 2012,Politz 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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