Common AMT Adjustments for Corporations Include All of the Following

question 33

Multiple Choice

Common AMT adjustments for corporations include all of the following except

• A)the difference between MACRS income tax depreciation for personal property and the straight-line depreciation amount.
• B)75% of the excess of adjusted current earnings over AMTI.
• C)the difference between the U.S.production activities deduction calculated for regular tax purposes and the deduction recalculated using AMTI as a ceiling limitation.
• D)All of the above are common corporate AMT adjustments.

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Definitions:

Greater Mobility

The increased capacity or ease of movement, often related to advancements in transport, technology, or social mobility.

Nuclear Family

A fundamental social unit consisting of a parent or parents and their children, considered a central building block of larger societal structures.

Extended Family

Two or more closely related nuclear families clustered together in a large domestic group.

Harijan

A term popularized by Mahatma Gandhi for describing individuals traditionally considered to be of lower caste in India, meaning "children of God".