Bangura, Incorporated has regular taxable income of $932,500,000 and AFSI of $1,437,100,000. Required: Compute Bangura's regular tax liability, tentative minimum tax, AMT (if any) and total tax due. Regular tax liability Tentative minimum tax AMT Total tax due
Bangura, Incorporated has regular taxable income of $932,500,000 and AFSI of $1,437,100,000. Required: Compute Bangura's regular tax liability, tentative minimum tax, AMT (if any) and total tax due. Regular tax liability Tentative minimum tax AMT Total tax due
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 73P
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Transcribed Image Text:Bangura, Incorporated has regular taxable income of $932,500,000 and AFSI of $1,437,100,000.
Required:
Compute Bangura's regular tax liability, tentative minimum tax, AMT (if any) and total tax due.
Regular tax liability
Tentative minimum tax
AMT
Total tax due
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT