An S Corporation Is Not Subject to the AMT, but Its

question 87

True/False

An S corporation is not subject to the AMT, but its shareholders are because the S corporation's AMT adjustments and preferences are passed through to them.

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Definitions:

Strike Activity

Actions taken by workers, often organized by unions, where they stop working to protest against their employers for better pay, benefits, or working conditions.

National Legislation

Laws or statutes enacted by a country's legislative body that govern nationwide policies, issues, or concerns.

Collective Bargaining Agreements

legally binding contracts negotiated between unions and employers that outline terms of employment, working conditions, and employee benefits.

Worker Protections

Laws, regulations, and practices designed to safeguard employees' rights and well-being in the workplace.