Multiple Choice
Kay, who is single, had taxable income of $0 in 2014. She has positive timing adjustments of $206,300 and exclusion items of $100,000 for the year. What is the amount of her alternative minimum tax credit for carryover to 2015?
A) $80,560.
B) $68,861.
C) $68,288.
D) $12,272.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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