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AMT
The Alternative Minimum Tax, a parallel tax system in the United States designed to ensure that individuals and corporations pay at least a minimum amount of taxes.
Small Corporations
Businesses typically characterized by a limited number of shareholders, assets, and revenues, and may qualify for certain tax benefits and simpler regulations.
Gross Receipts
The total amount received from all sources before any deductions or allowances, used as a measure of business size or taxation.
AMT Rate
The percentage at which the Alternative Minimum Tax is levied on income, designed to ensure that individuals pay a minimum amount of tax.
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