Multiple Choice
Kay,who is single,had taxable income of $0 in 2010.She has positive timing adjustments of $200,000 and exclusion items of $100,000 for the year.What is the amount of her alternative minimum tax credit for carryover to 2011?
A) $80,500.
B) $66,642.
C) $14,950.
D) $0.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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