When Computing a Corporation's Alternative Minimum Taxable Income,its Taxable Income

question 75

Multiple Choice

When computing a corporation's alternative minimum taxable income,its taxable income is

• A)only increased (never decreased)by tax preference items.
• B)only increased (never decreased)by adjustments.
• C)increased by the statutory exemption of $40,000.
• D)increased by 75% of the excess of adjusted current earnings over taxable income.

---

Definitions:

Collaborative Filtering

A process that automatically groups people with similar buying intentions, preferences, and behaviors and predicts future purchases.

E-Book

A digital format of a book that can be read on a computer or a specifically designed handheld device.

Amazon.com

An American multinational technology company primarily focused on e-commerce, cloud computing, digital streaming, and artificial intelligence.

Cookies

Small files stored on a user's computer by web browsers that hold data related to the user's web browsing activities and preferences.