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Author Question: Slimtin Corporation has $400,000 of regular taxable income. It has depreciation adjustments of ... (Read 43 times)

stevenposner

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on: Sep 13, 2020

Question 1

Johnson Corporation has $300,000 of AMTI before the exemption. What is the tax base for AMT?

Question 2

Slimtin Corporation has $400,000 of regular taxable income.  It has depreciation adjustments of $100,000 (MACRS depreciation in excess of 150% declining balance method), and its adjusted current earnings is $600,000.  
Part A-Calculate Slimtin's AMT liability.
Part B-Slimtin has a $41,000 AMT credit carryover from last year.  How much, if any, can be applied this year?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by stevenposner on Sep 13, 2020

leeeep

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stevenposner

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

rachel

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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