For Alternative Minimum Tax Purposes, Taxpayers Are Allowed to Deduct

question 150

True/False

For alternative minimum tax purposes, taxpayers are allowed to deduct state income taxes but are not allowed to deduct charitable contributions.

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Definitions:

Secondary Succession

An ecological succession that takes place after some disturbance destroys the existing vegetation; soil is already present. See succession.

Resource Partitioning

The process by which species adapt to competition by utilizing different parts of the available resources, reducing direct competition.

Realized Niche

The actual conditions and resources in which a species exists due to biotic and abiotic constraints, as opposed to its potential range.

Limiting Resource

A resource in short supply that restricts the growth, abundance, or distribution of an organism or a population.