Multiple Choice
Sand Corporation,a calendar year taxpayer,has alternative minimum taxable income [before adjustment for adjusted current earnings (ACE) ] of $900,000 for 2015.If Sand's (ACE) is $975,000,its tentative minimum tax for 2015 is:
A) $0.
B) $56,250.
C) $180,000.
D) $191,250.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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