With Regard to the Alternative Minimum Tax (AMT)

question 81

Multiple Choice

With regard to the alternative minimum tax (AMT) ,
I.the AMT rate equals the highest individual income tax rate.
II.the AMT is separate and distinct from, yet parallel to, the regular income tax system.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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