Which of the Following Items Are Adjustments Made to Arrive

question 14

Multiple Choice

Which of the following items are adjustments made to arrive at alternative minimum taxable income?

• A)excess percentage depletion
• B)excess of deprecation claimed on personalty acquired in the current year for taxable income purposes over that claimed for alternative minimum tax purposes
• C)tax-exempt interest income earned on private activity bonds
• D)statutory exemption

---

Definitions:

False Statement

A claim or assertion that is not in accordance with facts or truth.

Malpighian Tubules

Excretory structures that remove wastes from the hemolymph (blood) of insects and arachnids, playing a role in osmoregulation.

Active Transport

A cellular process that moves substances against their concentration gradient, requiring energy.

Toxic Ammonia

Harmful levels of ammonia that can accumulate in the body or environment, potentially leading to health issues or ecological damage.