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

question 84

Multiple Choice

Which of the following is (are) AMT tax preference item(s) ?
I.Net operating loss deduction.
II.Exclusion of gain on qualified small business stock.
​

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

---

Definitions:

Audiences

The collective group of people who are the intended recipients or viewers of a message, performance, or work.

Least Likely

Referring to the option or outcome with the lowest probability of occurrence.

Pay Attention

The act of focusing one’s mind and senses on a particular object or activity, giving it precedence over other stimuli.

Planning Phase

The initial stage in a project or activity where objectives are defined, strategies are developed, and tasks are outlined to achieve specific goals.