Compute what amount of the amt credit that can be claimed

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Reference no: EM132719727

Problem 1: Dawson Inc. had regular tax due if $35,000 for the tax year ending December 31, 2019. It also had $60,000 of AMT credit carried forward from prior years and available in 2019. What is the amount of the AMT credit that can be claimed in 2019?

Option 1: $12,500
Option 2: $25,000
Option 3: $35,000
Option 4: $60,000

Reference no: EM132719727

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