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
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
Section: Chapter Questions
Problem 13P
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F750d02ff-077d-4c06-975a-2a2440017e35%2F90a7df07-f284-446a-9a63-a6c2843f98d6%2F9jy439c_processed.jpeg&w=3840&q=75)
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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