Which of the Following Statements Regarding AMT Is True

question 15

Multiple Choice

Which of the following statements regarding AMT is true?

• A) Only very profitable companies (AMTI greater than $1 million) have their AMT exemption phased out.
• B) The AMT exemption is phased out dollar for dollar as AMTI increases.
• C) Minimum tax credits are generated whenever regular tax liability exceeds tentative minimum tax.
• D) Minimum tax credits can be carried forward indefinitely.

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Definitions:

Quality

The degree to which a product, service, or process meets or exceeds customer expectations or standards.

Behaviorally Anchored Rating Scale

A method of evaluating employees' performance by directly comparing their behaviors with specific examples of behavior that are anchored on a scale.

Behavioral Observation Scale

A performance appraisal method that rates the frequency of specific behaviors exhibited by an employee in the workplace.

Performance Management

A continuous process by which managers and employees work together to plan, monitor, and review an individual's work objectives and overall contribution to the organization.