An Example of an AMT Tax Preference Item Is the Excess

question 101

True/False

An example of an AMT tax preference item is the excess of MACRS depreciation on equipment over depreciation computed by using the the 150% declining balance method.

---

Definitions:

Aggression Toward People And Animals

A pattern of behavior aimed at causing harm or intimidation to others, often considered a sign of underlying psychological issues.

Limited Prosocial Emotions

A characteristic of certain behavioral disorders, where an individual shows a lack of empathy, remorse, or concern for the feelings of others.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a guidebook published by the American Psychiatric Association for diagnosing mental disorders.

Sociopath

A term often used to describe a person with antisocial personality disorder, characterized by a lack of empathy and often, but not exclusively, manifesting in manipulative, deceitful, or criminal behavior.