Mountaineer,Inc What Is the Amount of the Tentative Minimum Tax?
A)$500,000

question 49

Multiple Choice

Mountaineer,Inc.has the following results: $$\begin{array} { | l | r | } \hline \text { Regular corporate tax liability } & \$ 400,000 \\\hline \text { Taxable income } & 2,000,000 \\\hline \text { Preferences } & 500,000 \\\hline \text { Adjustments } & ( 200,000 \\\hline\end{array}$$ What is the amount of the tentative minimum tax?

• A)$500,000
• B)$360,000
• C)$460,000
• D)none of the above

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