​Which of the Following Statements Describing the Alternative Minimum Tax

question 11

Multiple Choice

​Which of the following statements describing the alternative minimum tax (AMT) is most correct?

• A) Generally, those taxpayers most concerned about being in AMT are low income taxpayers who elect the standard deduction.
• B) The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
• The goal of the AMT
• C) The goal of the AMT is to try and ensure that all taxpayers with economic income pay at least some income tax.
• D) Exemption amounts are higher for regular tax purposes than for AMT purposes.
• E) a. and d. are correct

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