Friday
March 6, 2015

Homework Help: Fed Tax 2- AMT

Posted by stephanie on Saturday, August 5, 2006 at 7:59am.

Corp reports -
Taxable income 300,000
Interest on private activity bonds 20,000
Life insurance proceeds 250,000
Dividends-received deduction 50,000
Depreciation claimed for:
Taxable income purposes 175,000
AMT purposes 130,000
Adjusted current earnings 800,000

What is th e alternative minimum tax liability?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

intermediate 111 - Wilson Corporation began operations in January 2008, and ...
income tax - Jonathan is married, files a joint return, and has one child. ...
accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...
Tax - RPC has EMP of $200,000 end of 2008. Taxable income end of 2009 is $1 ...
Calculus - New York state income tax is based on taxable income which is part ...
BUSN - 4. For this question, use the information for Sports Baseballs, Inc. ...
Finance - In 2008, Glenda had a $97,000 loss on a passive activity. None of the ...
Finance - Madison Metals recently reported $9,000 of sales, $6,000 of operating ...
Finance - The glenna gayle company (GGC) had sales of $400,000 in the past year...
BUSN - Assuming a tax rate of 30%, what is the EBIT and taxable income for the ...

Members