(Solution) - A manufacturing company has the following items related to AMT Alternative -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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A manufacturing company has the following items related to AMT:
Alternative minimum taxable base .......$98,502,900
Regular tax ................ 11,202,098
Foreign AMT tax credit ............ 1,400,000
Negative ACE adjustment from a prior year .... 760,000
Calculate the company?s AMT, if any.