The Small C Corporation Exemption from AMT Continues as Long

question 87

Multiple Choice

The Small C corporation exemption from AMT continues as long as average gross receipts for the three preceding tax years are

• A)$6.5 million or less.
• B)$7.0 million or less.
• C)$7.5 million or less.
• D)$8.0 million or less.

---

Definitions:

DSM-5 Criteria

The diagnostic criteria set forth in the Fifth Edition of the Diagnostic and Statistical Manual of Mental Disorders, used by healthcare professionals to diagnose and classify mental disorders.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Intellectual Disability

An impairment identified by notable restrictions in intellectual capabilities as well as in everyday social and practical abilities.

IQ

A measure of a person's reasoning and problem-solving abilities, relative to a statistical norm.