In its first year of operations (2016), Lavender, Inc. (a C corporation) has gross receipts of $8 million and net income of $2 million. Lavender is not subject to the AMT for 2016.

Name: In its first year of operations (2016), Lavender, Inc. (a C corporation) has gross receipts of $8 million and net income of $2 million. Lavender is not subject to the AMT for 2016.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The question provides no information to suggest that Lavender, Inc. is subject to the AMT for 2016, therefore the answer is true.

In Its First Year of Operations (2016), Lavender, Inc