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    Exam 12: Alternative Minimum Tax
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    The Deduction for Personal and Dependency Exemptions Is Allowed for Regular
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The Deduction for Personal and Dependency Exemptions Is Allowed for Regular

Question 34

Question 34

True/False

The deduction for personal and dependency exemptions is allowed for regular income tax purposes, but is disallowed for AMT purposes. This results in a positive AMT adjustment.

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