Green Corp. was incorporated and began business in 2012. In computing its alternative minimum tax for 2013, it determined that it had adjusted current earnings (ACE) of $400,000 and alternative minimum taxable income (prior to the ACE adjustment) of $300,000. For 2014, it had adjusted current earnings of $100,000 and alternative minimum taxable income (prior to the ACE adjustment) of $300,000. What is the amount of Green Corp.'s adjustment for adjusted current earnings that will be used in calculating its alternative minimum tax for 2014?
a. $75,000
b. $(75,000)
c. $(100,000)
d. $(150,000)
Answer: B
Tax
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