The AMT Can Be Calculated Using Either the Direct or the Indirect

question 53

True/False

The AMT can be calculated using either the direct or the indirect approaches.Both the tax law and the tax forms use the direct approach.

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Definitions:

Nuclear Families

A family unit consisting of two parents and their children living together as a single household, traditionally seen as a societal norm in many cultures.

LGBT Parents

LGBT Parents are individuals who identify as lesbian, gay, bisexual, or transgender and perform the role of a parent or guardian to one or more children.

Sexual Minority Populations

Groups of people whose sexual orientation, gender identity, or sexual characteristics differ from the majority of the population.

Same-sex Parenting

The act of raising children by parents who identify as the same gender, whether through biological means, adoption, or surrogacy.