Which of the Common Deductions Below Are Allowed for Both

question 96

Multiple Choice

Which of the common deductions below are allowed for both regular tax purposes and for AMT purposes?

• A)The standard deduction
• B)Personal and dependency exemptions
• C)State income taxes,property taxes,and all other taxes deducted on Schedule A
• D)Mortgage interest from the acquisition of a residence costing less than $1 million
• E)Miscellaneous itemized deductions taken on Schedule A

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Definitions:

Photosynthesize

The process by which green plants, algae, and certain bacteria convert light energy into chemical energy, producing oxygen as a byproduct.

Grana

Stacks of thylakoids in the chloroplasts of plant cells, where photosynthesis takes place.

Autotrophs

Organisms capable of producing their own food from inorganic substances using light or chemical energy, such as plants and some bacteria.

Autotroph

Organisms that produce their own food from inorganic substances using light or chemical energy, such as plants and certain bacteria.