Which of the Following Tax Effects Becomes More Restrictive If

question 63

Multiple Choice

Which of the following tax effects becomes more restrictive if an election is made to file a group's Federal corporate income tax returns on a consolidated basis?

• A)Choice of members' tax accounting methods
• B)Use of the lower tax rate brackets.
• C)Use of the $40,000 AMT exemption.
• D)Members who are liable for the consolidated tax liability.