Sage, Inc, Has the Following Gross Receipts and Taxable Income

question 121

Essay

Sage, Inc., has the following gross receipts and taxable income:
$\begin{array}{lcc}& \text {Gross receipts}& \text {Taxable income}\\2002 & \$ 5,600,000 & \$ 120,000 \\2003 & 4,300,000 & 190,000 \\2004 & 7,200,000 & 162,000 \\2005 & 9.000 .000 & 180,000\\2006 & 6,200,000 & 150,000 \\2007 & 6,500,000 & 160,000 \\2008 & 6,800,000 & 162,000 \\2009 & 7,000,000 & 154,000 \\2010 & 7,200,000 & 190,000\\2011 & 7,100,000 & 200,000 \\2012 & 7,300,000 & 185,000 \\2013 & 7,200,000 & 201,000 \\2014 & 7,000,000 & 225,000\end{array}$
Is Sage, Inc., subject to the AMT in 2014?

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Definitions:

Provides Feedback

Refers to the process of giving constructive information or criticism to individuals regarding their performance or behavior.

Capacity Plan

Identifying the necessary production capabilities of an enterprise to fulfill varying product demands.

Production Plan

An outline of what a company plans to produce, in what quantities, and when, to meet anticipated demand.

Erroneous Dimension

A mistaken or incorrect measurement or aspect within a dataset or analysis.