The Computation of the Alternative Minimum Tax Base Begins with Regular

question 13

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 personal exemptions.
• 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:

Candidates

Individuals who apply for or are under consideration for a position, role, or opportunity.

Voters

People who meet the criteria and take part in voting processes to select officials or make decisions on matters of public concern.

Borda Count

A ranked voting method where voters order candidates by preference, and points are assigned based on position in the preference list, with the goal of identifying a winner through accumulated points.

Candidates

Candidates are individuals who present themselves or are nominated for a position, role, or to take part in a competition.