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 2013 and 2014 are as follows:
Calculate the amount of the ACE adjustment for 2013 and 2014.
Definitions:
Transferring Employees
The process of assigning employees to different tasks, positions, or locations within an organization.
Pay Differential
The difference in payment rates based on factors such as job function, location, or hours worked.
Market Forces
Economic factors that influence the supply, demand, and pricing of goods and services without direct governmental intervention.
Exempt Employees
Managers, outside salespeople, and any other employees not covered by the FLSA requirement for overtime pay.
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