The Net Capital Gain Included in an Individual Taxpayer's AMT

question 8

True/False

The net capital gain included in an individual taxpayer's AMT base is eligible for the lower tax rate on net capital gain. This favorable alternative rate applies both in calculating the regular income tax and the AMT.

---

Definitions:

Gender

Gender refers to the roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Assisted Listening Device

A device that helps individuals with hearing loss listen more clearly to sounds and voices, often used in public spaces and with electronic devices.

Discriminatory

Behaving in a prejudiced manner towards individuals based on their race, age, sex, nationality, or other characteristics.

Public Relations

The professional practice of managing and influencing public perception of an organization or individual.