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

Question 62

Multiple Choice

Tanver Corporation, a calendar year corporation, has alternative minimum taxable income of $7 million in 2017 (before adjustment for adjusted current earnings) .If Tanver's adjusted current earnings is $16 million, its tentative minimum tax for 2017 is:


A) $310,000.
B) $2,750,000.
C) $6,750,000.
D) $7,000,000.
E) Some other amount.

Correct Answer:

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