After Computing All Tax Preferences and AMT Adjustments,Peter Has AMTI

question 37

Multiple Choice

After computing all tax preferences and AMT adjustments,Peter has AMTI of $210,000 in 2017.If Peter is single,what exemption amount can he claim for AMT in 2017?

• A)$0.
• B)$31,975.
• C)$54,300.
• D)$84,500.

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Definitions:

Extinction

Within the realm of psychology, this refers to the slow diminishment and ultimate vanishing of a learned reaction when the previously associated stimulus is no longer linked with the natural stimulus.

Generalization

The process or result of making a statement or conclusion that applies to many instances from specific observations.

Extinction

In psychology, the gradual weakening and eventual disappearance of a learned response when it is no longer reinforced.

Classical Conditioning

A cognitive process where two stimuli are repeatedly linked together; the response, first elicited by the second stimulus, is finally elicited by the first stimulus.