Examlex
According to Table 9.1 in the text,which explores hard money contribution limits,which of the following contributors would be able to provide the most support for a candidate running for the Senate?
Taxable Income
The portion of income that is subject to income tax after deductions and exemptions.
AMT Exemption
An amount exempt from the Alternative Minimum Tax, designed to ensure that taxpayers with higher income pay a minimum amount of tax.
Corporation
A legal entity owned by shareholders, with rights and liabilities distinct from those of its owners, and subject to corporate income tax.
AMT Income
Alternative Minimum Tax income calculates income with different rules than regular taxes, aiming to ensure taxpayers with high income pay a fair share of taxes.
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