Amber, Inc

Multiple Choice

Amber, Inc., reports taxable income of $212,000.In addition, Amber records the following information which may affect its AMT. .Depreciation on buildings was $52,000.ADS would have been $41,000.
) ​The president of Amber exercised stock options on Amber stock.She paid $30,000 for the stock, which had a fair market value at exercise date of $49,000.At the end of the year, the stock was worth $54,000.
) Amber deducted percentage depletion of $65,000.The adjusted basis of the natural resource at the beginning of the year was $39,000.
) Amber contributed CSX stock worth $20,000 to the Red Cross.Amber purchased the stock four months ago for $19,000.
What is Amber's AMTI?

A) $212,000.
B) $233,000.
C) $238,000.
D) $249,000.
E) None of the above