Flywest Airlines,Inc.has regular taxable income of $190 million.It also has $10 million of AMT preference items,a $5 million unfavorable depreciation adjustment,and a $2 million favorable ACE adjustment (after the 75% adjustment) .What is Flywest's alternative minimum tax income (AMTI) ?
A) $177 million.
B) $183 million.
C) $197 million.
D) $203 million.
Correct Answer:
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