Kay,who Is Single,had Taxable Income of $0 in 2014

question 100

Multiple Choice

Kay,who is single,had taxable income of $0 in 2014.She has positive timing adjustments of $206,300 and exclusion items of $100,000 for the year.What is the amount of her alternative minimum tax credit for carryover to 2015?

• A)$80,560
• B)$68,861
• C)$68,288
• D)$12,272
• E)None of these

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