Isabella and Mateo made an incredible amount of money this year, and their tax lawyer was able to use many deductions to reduce their adjusted gross income by millions of dollars. However, despite all of his attempts to get them out of paying as many taxes, they still had to pay some. Which type of tax MOST likely ensured that Isabella and Mateo were required to pay some taxes? A. withholding tax
B. earned-income tax
C. alternative minimum tax
D. sales tax

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.