Calculate Marron tax payable

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Reference no: EM131888151

Question: In 2017, Marron, Inc., has a tentative minimum tax of $1,223,690 and a regular tax liability of $1,102,005. Assume the company does not have a minimum tax credit carryover from 2016. During 2018, the company's tentative minimum In 2017, Marron, Inc., has a tentative minimum tax of $1,223,690 and a regular tax liability of $1,102,005. Assume the company does not have a minimum tax credit carryover from 2016. During 2018, the company's tentative minimum tax is $976420 and its regular tax liability (before any minimum tax credit) is $993014. Calculate Marron's tax payable in 2018 and any minimum tax credit carryovers.

Reference no: EM131888151

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