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

question 87

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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.


Definitions:

Total Utility

refers to the total satisfaction gained from consuming a particular quantity of goods or services.

Marginal Utility

Marginal utility is the additional satisfaction or benefit (utility) a consumer derives from purchasing one more unit of a good or service.

Difference

A term that refers to the disparity or distinction between two or more elements, items, or phenomena.

Marginal Utility

Additional gratification or utility that comes from consuming one more unit of a product or service.

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