Ch 13 Quiz - r^" t/...

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San Jose State LTniversity Business l23A Spring 2009 Quiz Chapter 13: Name 9:00 1. If a corporation has a net operating loss (negative taxable incorne) for regular tax purposes, it would never be subject to the altemative minimum tax for that year.
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Unformatted text preview: r^" t/ ril"" 2. If a corporation is subject to the alternative minimum tax (AMT), it should pay the lower of the AMT or the regular tax. True False...
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