Which of the Following Statements Describing the Alternative Minimum Tax

question 43

Multiple Choice

Which of the following statements describing the alternative minimum tax (AMT) is most correct?

• A)Generally, those taxpayers most concerned about being in AMT are low income taxpayers who elect the standard deduction.
• B)The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
• C)The goal of the AMT is to try to ensure that all taxpayers with economic income pay at least some income tax.
• D)None of these is true.

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