Form 6251,Alternative Minimum Tax,must Be Filed in Any of the Following

question 82

Multiple Choice

Form 6251,Alternative Minimum Tax,must be filed in any of the following situations except

• A)the taxpayer has general business tax credits that are limited by the tentative minimum tax.
• B)the AMT base exceeds the exemption amounts and an individual has AMT adjustments or tax preference items.
• C)the tentative minimum tax exceeds the regular tax.
• D)the earned income tax credit exceeds the tentative minimum tax.

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Definitions:

U.S. Dollars

The United States' official medium of exchange, frequently employed as a standard in worldwide financial dealings.

Spot Market

An open financial market where commodities or financial instruments are exchanged and delivered right away.

Discount

To calculate the present value of some future amount.

Future

A standardized legal contract to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.