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    Exam 3: Corporations: Special Situations
  5. Question
    Gerbil Corporation Was Formed in 2004
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Gerbil Corporation Was Formed in 2004

Question 52

Question 52

True/False

Gerbil Corporation was formed in 2004. If in 2014, it has average gross receipts of under $7.5 million, the company cannot be subject to the AMT.

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