Duck, Inc, Is a C Corporation That Is Not Eligible for for the Small

question 64

Essay

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 2016 and 2017 are as follows: $$\begin{array} { l r r } & 2016 & 2017 \\\mathrm { ACE } & \$ 240,000 & \$ 255,000 \\\text { Unadjusted AMTI } & 175,000 & 300,000\end{array}$$ Calculate the amount of the ACE adjustment for 2016 and 2017.

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Definitions:

Biceps Brachii

A large muscle in the upper arm that turns the hand to face palm up and flexes the arm and forearm.

Brachialis

A muscle in the upper arm that flexes the elbow, located underneath the biceps.

Triceps Brachii

A major muscle of the upper arm responsible for extension of the elbow.

Anterior Cervical Triangle

An anatomical region of the neck bounded by the sternocleidomastoid muscle, the mandible, and the midline of the neck.