Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Fidel Castro
Corporate Alternative Minimum Tax
A parallel tax system aimed at ensuring that corporations pay at least a minimum amount of tax, regardless of deductions or credits that would otherwise lower their tax bill.
Exemption Amount
This refers to a specific dollar amount that taxpayers can claim for themselves and their dependents to reduce taxable income.
Parent-Subsidiary Group
A group consisting of a parent company and one or more subsidiaries, which are companies controlled by the parent company.
Common Parent Corporation
A corporation that holds a controlling interest in subsidiary companies, forming a corporate group or family.
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