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Crimson, Inc  Calculate Crimenn’s AMT for 2014\text { Calculate Crimenn's } A M T \text { for } 2014

Question 110

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Crimson, Inc., provides you with the following information:
Regular corporate tax liability $22,250 AMT adjustments and preferences (excluding ACE adjustment) 80,000ACE adjustment (prior positive adjustments are $17,000 ) (11,000) Taxable income100,000\begin{array}{llr} \text {Regular corporate tax liability } &\$22,250\\ \text { AMT adjustments and preferences (excluding ACE adjustment) } &80,000\\ \text {ACE adjustment (prior positive adjustments are \( \$ 17,000 \) ) } &(11,000)\\ \text { Taxable income} &100,000\\\end{array}


 Calculate Crimenn’s AMT for 2014\text { Calculate Crimenn's } A M T \text { for } 2014

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