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

question 49

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Mountaineer,Inc.has the following results:  Regular corporate tax liability $400,000 Taxable income 2,000,000 Preferences 500,000 Adjustments (200,000\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?


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