Which of the Following Statements Relating to Alternative Minimum Tax

question 19

Multiple Choice

Which of the following statements relating to alternative minimum tax AMT) is true?

• A) If AMT is higher than regular tax liability, the latter tax becomes payable
• B) If AMT is lower than regular tax liability, the tax payer can pay either type of tax
• C) The IRS decides who should be subject to AMT
• D) If AMT is higher than regular tax liability, the AMT becomes payable

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