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Sand Corporation,a Calendar Year Taxpayer,has Alternative Minimum Taxable Income [Before

Question 11

Multiple Choice

Sand Corporation,a calendar year taxpayer,has alternative minimum taxable income [before adjustment for adjusted current earnings (ACE) ] of $900,000 for 2014.If Sand's (ACE) is $975,000,its tentative minimum tax for 2014 is:


A) $0.
B) $56,250.
C) $180,000.
D) $191,250.
E) None of these.

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