A Corporation with an AMTI of $400,000 Will Have All

question 102

True/False

A corporation with an AMTI of $400,000 will have all of its AMT exemption phased-out.

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Definitions:

Decreasing

Refers to a process or trend where quantities or values are going down or diminishing over time.

Slope

In mathematics, a measurement of the steepness, incline, or grade of a line, typically expressed as a ratio of vertical change to horizontal change.

Value

The importance or utility that something has for an individual or the market price of a good or service.

Horizontal Axis

In graphing, this is the x-axis, which typically represents the independent variable.