Which of the Following Statements Is Correct

question 43

Multiple Choice

Which of the following statements is correct?

• A)If the tentative minimum tax is $10,000 and the regular income tax liability is $12,000,the AMT is $2,000.
• B)If the tentative minimum tax is $12,000 and the regular income tax liability is $10,000,the AMT is $12,000.
• C)If the tentative minimum tax is $10,000 and the regular income tax liability is $12,000,the AMT is a negative $2,000.
• D)If the tentative minimum tax is $12,000,and the regular income tax liability is $10,000,the AMT is $2,000.
• E)None of the above.

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