Which of the Following Is (Are)AMT Tax Preference Item(s)

question 30

Multiple Choice

Which of the following is (are) AMT tax preference item(s) ?
I.Tax-exempt interest from private activity bonds.
II.Percentage depletion in excess of basis.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Psychographics

The study of personality, values, opinions, attitudes, interests, and lifestyles to analyze consumer behavior.

Consumer Lifestyles

The habits, attitudes, tastes, moral standards, economic levels, and the amount of consumption by an individual or group.

Ideals

Standards or models of perfection and excellence that individuals or societies strive to achieve.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.