The adjusted current earnings (ACE) adjustment is 75% of the difference between a corporation's alternative minimum taxable income before the ACE adjustment and the corporation's ACE.

Name: The adjusted current earnings (ACE) adjustment is 75% of the difference between a corporation's alternative minimum taxable income before the ACE adjustment and the corporation's ACE.
Brand: Quizplus
Rating: 5.0 (34 reviews)

Question

Quizplus · Accepted Answer

This statement is true. The formula for the ACE adjustment is: ACE adjustment = 75% x (AMTI before ACE adjustment - ACE)

The Adjusted Current Earnings (ACE) Adjustment Is 75% of the Difference