Ortiz Corporation Determined Its AMTI to Be $120,000 for 2017

question 86

Multiple Choice

Ortiz Corporation determined its AMTI to be $120,000 for 2017.If the regular income tax liability is $15,000,what is the amount of the alternative minimum tax for 2017?

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

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Definitions:

Concentration

The action of focusing one's attention or mental effort on a specific object or activity.

Absentmindedness

A state of being easily distracted and forgetful, leading to lack of attention or failure to remember tasks.

Multitasking

The action of handling more than one task simultaneously, which can involve switching focus from one task to another.

Creative Assignments

Tasks or projects assigned to individuals or groups that require the use of imagination or original ideas to produce something new.