Kay,who Is Single,had Taxable Income of $0 in 2010

question 75

Multiple Choice

Kay,who is single,had taxable income of $0 in 2010.She has positive timing adjustments of $200,000 and exclusion items of $100,000 for the year.What is the amount of her alternative minimum tax credit for carryover to 2011?

• A)$80,500.
• B)$66,642.
• C)$14,950.
• D)$0.
• E)None of the above.

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Definitions:

Jointed Appendages

Body parts that are segmented or divided into joints, enabling movement, characteristic of arthropods.

Soft Exoskeleton

A flexible external covering or support structure found in some organisms, providing protection and structural support while allowing movement.

Earthworm

A type of invertebrate animal known for its role in aerating soil and breaking down organic material into fertile humus.

Clitellum

A thickened, glandular section of the body found in earthworms and some other annelids, crucial for reproduction.