Which of These Statements Concerning the Alternative Minimum Tax (AMT)is

question 4

Multiple Choice

Which of these statements concerning the alternative minimum tax (AMT) is correct?

• A)The alternative minimum tax rate for capital gains and dividends is 26 percent.
• B)Married taxpayers are allowed an exemption allowance,regardless of their level of alternative minimum taxable income.
• C)The alternative minimum tax credit rate is 26 percent.
• D)For married taxpayers,the alternative minimum tax rate is 26 percent of the first $175,000.
• E)If the tentative minimum tax is smaller than the regular tax,he or she must pay the alternative minimum tax.

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