The Phaseout of the AMT Exemption Amount for a Taxpayer

question 55

True/False

The phaseout of the AMT exemption amount for a taxpayer filing as a head of household both begins and ends at a higher income level than it does for a single taxpayer.

---

Definitions:

Chemical

A simple or compound substance used in chemical processes.

Rabies

Rabies is a viral disease that causes acute encephalitis (inflammation of the brain) in warm-blooded animals and is usually transmitted through the bite of an infected animal.

Acute Viral Disease

A disease of sudden onset and short duration caused by viruses, such as the flu or common cold.

Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, enabling responses to internal and external stimuli.