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.

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Definitions:

Stemming

Content analysis term for grouping different words by a common stem; for example, fish is the stem for fisherman, fishy, fishtail, fishing, and fished.

Variations

Differences or deviations in the form, condition, or behavior of individuals or groups from a known reference point or standard.

Advantages

The benefits or favorable aspects associated with a particular action, decision, or situation.

Lemmatization

Content analysis procedure for grouping words according to a common dictionary definition.