Ortiz Corporation Determined Its AMTI to Be $120,000 for 2014

question 69

Multiple Choice

Ortiz Corporation determined its AMTI to be $120,000 for 2014. If the regular income tax liability is $15,000, what is the amount of the alternative minimum tax for 2014?

• A) $- 0 -
• B) $1,000
• C) $9,000
• D) $16,000
• E) $24,000

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Definitions:

Implicit Propositions

Statements that are not directly expressed but are inferred from explicit statements within a discourse.

Syllogisms

Logical arguments that deduce a conclusion from two premises, often used in deductive reasoning to test the validity of statements.

Heroic Figure

An individual admired for their courage, outstanding achievements, or noble qualities, often featured in literature or history.

Conclusion

The final part of something, especially an argument or a piece of writing, summarizing the main points or deducing some consequence.