Will the corporation be subjest to amt, Accounting Basics

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Will the corporation be subjest to amt

Jernigan corporation, which uses the calendar year as its tax year, started business on December 1, 2008. Its gross receipts for 2009-2011 were $4,500,00, $4,900,000 and $6,000,000 respectively. Will the corporation be subjest to AMT in 2011? Explain your answer.

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Accounting Basics: Will the corporation be subjest to amt

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Accounting Basics: Will the corporation be subjest to amt

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