Verisimtitude, Inc had regular tax due of $35,000 for 2018. It also had $60,000 of...
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Accounting
Verisimtitude, Inc had regular tax due of $35,000 for 2018. It also had $60,000 of AMT credit carried forward from prior years and available in 2018 .What is the amount of its AMT credit that can be claimed in 2018?
a. $35,000
b $47,500
c. $60,000
d. $ 65,000
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