Tanver Corporation, a calendar year corporation, has alternative minimum taxable income of $7 million in 2012 (before adjustment for adjusted current earnings). If Tanver s tentative minimum tax for

Tanver Corporation, a calendar year corporation, has alternative minimum taxable income of $7 million in 2012 (before adjustment for adjusted current earnings). If Tanver’s tentative minimum tax for 2012 is $2,750,000, its ACE adjustment must have been:

a. $3 million.

b. $4.75 million

c. $16 million

d. Not determinable.

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