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Question;291. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question PR #9;A retail 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;Calculate the company?s AMT, if any.;292. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question PR #10;In each of the following independent situations, calculate accumulated taxable;income, if any. Assume the corporation is not a mere holding or investment;company.;Copper Corporation;Bronze Corporation;Taxable;income;$150,000;$500,000;Accrued;Federal income taxes;41,750;170,000;Capital loss;adjustment;2,000;Net LTCG;42,000;Tax on LTCG;14,280;Charitable;contributions in excess of 10%;15,000;NOL;deduction;24,000;70%;dividends received deduction;35,000;Dividends;paid deduction;7,200;18,000;Accumulated;earnings credit;44,000;92,500;293. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question PR #11;a. Calculate the personal holding;company tax in 2011 based upon the following information.;Taxable;income;$520,000;Dividends;received deduction;46,000;Excess;charitable contributions;23,400;Dividends;paid;52,000;Federal;income taxes;177,375;b.;Calculate;the effective tax rate of this company.;294. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #1;Why is the DPAD benefit somewhat unique?;295. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #2;Explain the wages limitation.;296. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #3;Explain the expanded affiliated group (EAG) rules.;297. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #4;How is DPAD handled in an S corporation or a partnership situation?;298. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #5;What are some of the differences (at least three) between the application of;the AMT for individuals and corporations?;299. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #6;With respect to the AMT, what is the minimum tax credit?;300. CHAPTER;3?CORPORATIONS: SPECIAL SITUATIONS Question ES #7;What is personal holding company income?

 

Paper#59213 | Written in 18-Jul-2015

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