A Taxpayer at Risk for AMT Should Consider Which of the Following

question 59

Multiple Choice

A taxpayer at risk for AMT should consider which of the following decisions?

• A)investing in corporate bonds
• B)timing of state income tax estimated payments
• C)choosing a depreciation method for a new business building
• D)all of the above

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Definitions:

Functional Group

A specific grouping of atoms within molecules that is responsible for the characteristic chemical reactions of those molecules.

Organic Explosives

Explosive materials composed of organic chemicals that produce a detonation or rapid expansion of gases to generate destructive effects.

Combustion

A chemical reaction that occurs when a substance reacts with oxygen to give off heat and light, often producing flame.

Explosives

A rephrased definition: Chemical compounds or mixtures that release a large amount of energy in a very short time through blasts or combustion.