Which of the Following Statements Regarding the Alternative Minimum Tax

question 111

Multiple Choice

Which of the following statements regarding the alternative minimum tax is false?

• A) Corporations compute the AMT by multiplying their AMT base by 35% and subtracting their regular tax liability.
• B) Small corporations are exempt from the AMT.
• C) All first-year corporations are exempt from the AMT.
• D) None of the choices are false (choose if you believe all of these above statements are true).

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