Which of the Following Statements Regarding the AMT Exemption Amounts

question 151

Multiple Choice

Which of the following statements regarding the AMT exemption amounts is not true?

• A)The amount of the exemption depends on the taxpayer's filing status.
• B)The exemption amount is completely phased out for high-income taxpayers.
• C)Taxpayers must choose whether they will claim the exemption or itemize deductions.
• D)None of the other statements are false (all of the other statements are true).

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