The Amount of a Corporation's AMT Is the Amount of Its

question 137

True/False

The amount of a corporation's AMT is the amount of its tentative minimum tax in excess of its regular tax.

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Definitions:

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and bringing the body to a restful state.

Central Nervous System

The part of the nervous system consisting primarily of the brain and spinal cord, responsible for processing and sending out nerve signals.

Peripheral Nervous System

The part of the nervous system that lies outside the central nervous system, consisting of nerves and ganglia, responsible for relaying information between the body and brain.

Sympathetic Division

Part of the autonomic nervous system that prepares the body for quick action in emergencies; "fight or flight" response.