Sand Corporation, a Calendar Year C Corporation, Reports Alternative Minimum

question 15

Multiple Choice

Sand Corporation, a calendar year C corporation, reports alternative minimum taxable income of $900,000 for 2017. Sand's tentative minimum tax for 2017 is:

• A)$0.
• B)$40,000.
• C)$180,000.
• D)$191,250.

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Definitions:

Pharyngitis

Inflammation of the pharynx, causing sore throat and difficulty swallowing; it can be caused by viruses or bacteria.

Thoracotomy

A surgical procedure involving an incision into the chest wall to access organs in the thoracic cavity.

Anthracosis

A lung condition caused by the inhalation of coal dust, leading to blackening of the lungs, also known as "black lung disease."

Bronchiectasis

A chronic condition where the walls of the bronchi are thickened from inflammation and infection causing permanent enlargement of parts of the airways of the lung.