Duck, Inc., is a C corporation that is not eligible for the small business exception to the AMT. Its adjusted current earnings (ACE) and unadjusted alternative minimum taxable income (unadjusted AMTI) for 2016 and 2017 are as follows: $$\begin{array} { l r r }
& 2016 & 2017 \
\mathrm { ACE } & \$ 240,000 & \$ 255,000 \
\text { Unadjusted AMTI } & 175,000 & 300,000
\end{array}$$ Calculate the amount of the ACE adjustment for 2016 and 2017.

Question

Duck, Inc., is a C corporation that is not eligible for the small business exception to the AMT. Its adjusted current earnings (ACE) and unadjusted alternative minimum taxable income (unadjusted AMTI) for 2016 and 2017 are as follows: $$\begin{array} { l r r } 
& 2016 & 2017 \
\mathrm { ACE } & \$ 240,000 & \$ 255,000 \
\text { Unadjusted AMTI } & 175,000 & 300,000
\end{array}$$ Calculate the amount of the ACE adjustment for 2016 and 2017.

Quizplus · Accepted Answer

The Answer of Duck, Inc., is a C corporation that is not eligible for the small business exception to the AMT. Its adjusted current earnings (ACE) and unadjusted alternative minimum taxable income (unadjusted AMTI) for 2016 and 2017 are as follows: $$\begin{array} { l r r } 
& 2016 & 2017 \
\mathrm { ACE } & \$ 240,000 & \$ 255,000 \
\text { Unadjusted AMTI } & 175,000 & 300,000
\end{array}$$ Calculate the amount of the ACE adjustment for 2016 and 2017.

Duck, Inc, Is a C Corporation That Is Not Eligible for for the Small