Sand Corporation, a Calendar Year Taxpayer, Has Alternative Minimum Taxable

question 94

Multiple Choice

Sand Corporation, a calendar year taxpayer, has alternative minimum taxable income [before adjustment for adjusted current earnings (ACE) ] of $900,000 for 2014. If Sand's (ACE) is $975,000, its tentative minimum tax for 2014 is:

• A) $0.
• B) $56,250.
• C) $180,000.
• D) $191,250.
• E) None of the above.