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    Concepts in Federal Taxation
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    Exam 15: Choice of Business Entity - Other Considerations
  5. Question
    Ortiz Corporation Determined Its AMTI to Be $120,000 for 2013
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Ortiz Corporation Determined Its AMTI to Be $120,000 for 2013

Question 3

Question 3

Multiple Choice

Ortiz Corporation determined its AMTI to be $120,000 for 2013.If the regular income tax liability is $15,000,what is the amount of the alternative minimum tax for 2013?


A) $ - 0 -
B) $ 1,000
C) $ 9,000
D) $16,000
E) $24,000

Correct Answer:

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