The Computation of the Alternative Minimum Tax Base Begins with Regular

question 39

Multiple Choice

The computation of the alternative minimum tax base begins with regular taxable income. Which of the following is not part of the formula for computing the alternative minimum tax base?

• A) Subtract state income taxes paid.
• B) Add the standard deduction amount if used for regular tax.
• C) Subtract the AMT exemption amount (if any).
• D) Add back tax-exempt interest from a private activity bond not issued in 2009 or 2010.

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Definitions:

Traits

Observable characteristics of an organism, determined by genetics and environmental influences, including physical appearance and behavior.

Double-ringed Molecule

A term describing molecules composed of two interconnected ring structures, typically associated with the structure of nucleotides in DNA and RNA.

Guanine

A nitrogenous base that is one of the five main nucleobases found in the nucleic acids DNA and RNA, characterized by a double ring structure.

DNA Sequence

Order of nucleotide bases in a strand of DNA; genetic information.