Ortiz Corporation determined its AMTI to be $120,000 for 2013.If the regular income tax liability is $15,000,what is the amount of the alternative minimum tax for 2013?
A)$ - 0 -
B)$ 1,000
C)$ 9,000
D)$16,000
E)$24,000

Question

Quizplus · Accepted Answer

The Answer of Ortiz Corporation determined its AMTI to be $120,000 for 2013.If the regular income tax liability is $15,000,what is the amount of the alternative minimum tax for 2013?
A)$ - 0 -
B)$ 1,000
C)$ 9,000
D)$16,000
E)$24,000

Ortiz Corporation Determined Its AMTI to Be $120,000 for 2013