When Calculating AMTI, Individual Taxpayers Must Add Back the Following

question 32

Multiple Choice

When calculating AMTI, individual taxpayers must add back the following:
I.The standard deduction amount.
II.Gambling losses.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

Peer Tutor

A form of tutoring that takes place between individuals who are similar in age, experience, or ability where one student helps another to understand a subject.

Student Ambassador

A student chosen to represent and promote their school or university, often involved in public speaking and event hosting.

Hall Pass

a permission granted to students to leave their classroom during school hours for a short period.

Informal Assessment

Evaluation methods that are more flexible and less structured than traditional tests, often used to observe and guide students' progress.