INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
The [ capital gains tax | alternative minimum tax (AMT) ] is designed to ensure that high-income taxpayers with many deductions and tax shelter investments that provide attractive tax write-offs are paying their fair share of taxes .