Mallard,Inc. ,is a C corporation that is not eligible for the small business exception to the AMT.Its adjusted current earnings (ACE)and unadjusted alternative minimum taxable income (unadjusted AMTI)for 2010 and 2011 are as follows:

Calculate the amount of the ACE adjustment for 2010 and 2011.

Question

Mallard,Inc. ,is a C corporation that is not eligible for the small business exception to the AMT.Its adjusted current earnings (ACE)and unadjusted alternative minimum taxable income (unadjusted AMTI)for 2010 and 2011 are as follows:
  
Calculate the amount of the ACE adjustment for 2010 and 2011.

Quizplus · Accepted Answer

The Answer of Mallard,Inc. ,is a C corporation that is not eligible for the small business exception to the AMT.Its adjusted current earnings (ACE)and unadjusted alternative minimum taxable income (unadjusted AMTI)for 2010 and 2011 are as follows:
  
Calculate the amount of the ACE adjustment for 2010 and 2011.