Ford Corporation, a Calendar Year Corporation, Has Alternative Minimum Taxable

Multiple Choice

Ford Corporation, a calendar year corporation, has alternative minimum taxable income (before any exemption) of $1.28 million for 2017.The company is not a small corporation.If the regular corporate tax is $209,000, Ford's alternative minimum tax for 2017 is:

A) $47,000.
B) $209,000.
C) $256,000.
D) $1,280,000.
E) None of the above.