Its accountant uncovered 87000 in net positive adjustments
The Falcon Corporation has $68,000 in taxable income. Its accountant uncovered $87,000 in net positive adjustments and $2,000 of preference items in determining its alternative minimum taxable income. What are the corporation's AMTI and AMT?
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the falcon corporation has 68000 in taxable income its accountant uncovered 87000 in net positive adjustments and 2000
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