Computing regular corporate tax and corporate amt

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What is Gigantic Corporation's net tax liability if its taxable income is $325,000 and it has a general business credit of $125,000?

Margolin Corporation has regular taxable income of $120,000. It has positive adjustment of $90,000, preference items of $50,000 and negative adjustments of $40,000. What is its alternative minimum tax?

Reference no: EM1365240

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Computing regular corporate tax and corporate amt : What is Gigantic Corporation's net tax liability if its taxable income is $325,000 and it has a general business credit of $125,000?
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