Which of the following statements describing the alternative minimum tax (AMT) is correct? ...
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Which of the following statements describing the alternative minimum tax AMT is correct? a Generally, those taxpayers most concerned about being in AMT are lowincome taxpayers who elect the standard deduction. b As a result of recent tax law changes, more taxpayers are expected to be in AMT. c The goal of the AMT is to try to ensure that all taxpayers with economic income pay at least some income tax. d The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
Which of the following statements describing the alternative minimum tax AMT is correct?
a Generally, those taxpayers most concerned about being in AMT are lowincome taxpayers who elect the standard deduction.
b As a result of recent tax law changes, more taxpayers are expected to be in AMT.
c The goal of the AMT is to try to ensure that all taxpayers with economic income pay at least some income tax.
d The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
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