Xenon Corporation has $112,000 of regular taxable income, $68,000 of preference items, $98,000 of positive adjustments, and $36,000 of negative adjustments that affect its determination of alternative minimum taxable income. What is Xenon’s alternative minimum tax?
Tution feesIncome on investmentSale and services of axiuliaryContributions Unrestricted11,200,000 Restricted40000 500000100000 201420152016ParticularsPermanently RestrictedTemporarily…
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