Basics of alternative minimum tax

Reference no: EM13154922

Chev Corporation, a calendar year corporation, has alternative minimum taxable income (before any exemption) of $1.28 million for 2008. The company is not a small corporation. If the regular corporate tax is $209,000, Chev's alternative minimum tax for 2008 is:

a. $47,000.

b. $209,000.

c. $256,000.

d. $1,280,000.

e. None of the above.

Reference no: EM13154922

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