The Alternative Minimum Tax Calculation Includes in Taxable Income Certain

question 92

True/False

The alternative minimum tax calculation includes in taxable income certain types of deductions otherwise allowed,such as state and local income and property taxes.

---

Definitions:

Equestrian

related to horse riding or the skills associated with riding, training, and handling horses.

Comparative Negligence

A principle of law that allocates damages based on the degree of fault of each party involved in an accident.

Good Samaritan Statute

A statute that exempts from liability a person, such as a physician passerby, who voluntarily renders aid to an injured person but negligently, but not unreasonably negligently, causes injury while rendering the aid.

Render Aid

The act of providing assistance or help, especially in emergency situations.