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Ortiz Corporation Determined Its AMTI to Be $120,000 for 2016

Question 15

Multiple Choice

Ortiz Corporation determined its AMTI to be $120,000 for 2016.If the regular income tax liability is $15,000,what is the amount of the alternative minimum tax for 2016?


A) $- 0 -
B) $1,000
C) $9,000
D) $16,000
E) $24,000

Correct Answer:

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