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Xenon corporation has 118000 of regular taxable income

Question - Xenon Corporation has $118000 of regular taxable income, $66400 of preference items, $98000 of positive adjustments, and $35200 of negative adjustments that affect its determination of alternative minimum taxable income. What is Xenon's alternative minimum tax?

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Accounting Basics: Xenon corporation has 118000 of regular taxable income

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Accounting Basics: Xenon corporation has 118000 of regular taxable income

Reference No:- TGS02901014

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