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.

---

Definitions:

Life-Support System

Technology or equipment designed to maintain human life under critical conditions by providing necessary conditions or vital functions.

Embryo

An early stage in the development of a multicellular organism, following fertilization and before fetal stage in mammals.

Amnion

Prenatal life-support system that is a bag or envelope containing a clear fluid in which the developing embryo floats.

Placenta

A life-support system that consists of a disk-shaped group of tissues in which small blood vessels from the mother and offspring intertwine.