Fed Tax 2- AMT

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?

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  1. Hmm... I think its yellow

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