Multiple Choice
Ortiz Corporation determined its AMTI to be $120,000 for 2014. If the regular income tax liability is $15,000, what is the amount of the alternative minimum tax for 2014?
A) $- 0 -
B) $1,000
C) $9,000
D) $16,000
E) $24,000
Correct Answer:
Verified
Correct Answer:
Verified
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