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    Concepts in Federal Taxation
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    Exam 15: Choice of Business Entity -- Other Considerations
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    The Adjustment for Three-Fourths of the Excess Adjusted Current Earnings
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The Adjustment for Three-Fourths of the Excess Adjusted Current Earnings

Question 66

Question 66

True/False

The adjustment for three-fourths of the excess adjusted current earnings (ACE)over AMTI before the ACE adjustment applies only to corporations.

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