What Is the "Alternative Minimum Tax" That Must Be Paid

question 59

Multiple Choice

What is the "alternative minimum tax" that must be paid by a taxpayer filing a joint return, if the taxpayer has taxable income of $95,450, adjustments to taxable income of $29,000, tax preferences of $50,000, and an income tax before the alternative minimum tax of $6,000?

• A) $21,000
• B) $15,000
• C) $20,000
• D) $0
• E) None of the above

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Definitions:

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Relating to or involving the breakdown of complex molecules into simpler ones, often with the release of energy, part of the metabolic process.

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