Which of the Following Statements Is Correct

question 32

Multiple Choice

Which of the following statements is correct?

• A)A C corporation classified as a small corporation is eligible to have the AMT calculated using the AMT provisions for individuals.
• B)A C corporation classified as a small corporation is not subject to the AMT.
• C)A C corporation classified as a small corporation is subject to the AMT only on its adjusted current earnings.
• D)A C corporation classified as a small corporation is eligible to use the 15%/0% tax rate on net capital gain and qualified dividends rather than the regular tax rates applicable to other C corporations.
• E)a., b., and c.are correct.

---

Definitions:

Descent

The act or process of moving from a higher to a lower position.

Fetus

A developing mammal or human within the womb, after the embryonic stage and until birth.

Pelvis

A basin-shaped structure in the skeleton located at the lower part of the trunk, composed of the hip bones, sacrum, and coccyx.

Fallopian Tube

Tubes that extend from either side of the uterus, through which eggs travel from the ovaries to the uterus.