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

In order to calculate AMT, we need to add or subtract certain adjustments and preferences to the taxable income. From the information given, we don't have any adjustments or preferences to add back. Therefore, AMTI will be same as taxable income. 
AMTI = $212,000 (Option A is incorrect)

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