In Regards to the Alternative Minimum Tax (AMT)

question 3

Multiple Choice

In regards to the alternative minimum tax (AMT) :

• A)State income tax refunds are not considered income since state income taxes are not allowed as a deduction for AMT.
• B)To calculate AMT,a taxpayer can only use the standard deduction.
• C)The alternative minimum tax uses the same tax rates as the regular income taxes.
• D)A taxpayer may choose to calculate AMT instead of using the regular tax rates.

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Definitions:

Receptivity

Whether you “get” (pay attention to, understand) the message.

Intended Audience

The specific group of people that a message, product, or service is aimed at reaching or influencing.

Absorb a Given Message

The process of fully comprehending, internalizing, and accepting a specific piece of information or communication.

Pays Attention

The act of focusing one’s cognitive resources on a specific object, event, or thought process, either voluntarily or involuntarily.