Which of the Following Credits Can Not Be Used to Reduce

question 34

Multiple Choice

Which of the following credits can not be used to reduce the alternative minimum tax?

• A)Adoption credit
• B)Foreign tax credit
• C)Child-and dependent-Care credit
• D)Lifetime Learning credit
• E)Research and experimental credit

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Definitions:

Interest-bearing Note

Interest-bearing Note is a debt instrument where the issuer pays the investor interest on the principal amount, typically at fixed intervals, until repayment of the principal at maturity.

Note's Face Value

The original value of a note receivable or bond as stated on the document before any interest is added.

Notes Payable

Obligations in the form of written notes.

Accounts Payable

A liability account that records amounts the company owes to suppliers or creditors for goods and services purchased on credit.