The computation of the alternative minimum tax base begins with regular taxable income. which of the following is not part of the formula for computing the alternative minimum tax base?
a. subtract state income taxes paid.
b. add the standard deduction amount if used for regular tax.
c. subtract the amt exemption amount (if any).
d. add back tax-exempt interest from a private activity bond not issued in 2009 or 2010.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

The questions of economics address which of the following ? check all that apply

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.