Multiple Choice
Which of the following statements describing the alternative minimum tax (AMT) is most correct?
A) Generally, those taxpayers most concerned about being in AMT are low income taxpayers who elect the standard deduction.
B) The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
The goal of the AMT
C) The goal of the AMT is to try and ensure that all taxpayers with economic income pay at least some income tax.
D) Exemption amounts are higher for regular tax purposes than for AMT purposes.
E) a. and d. are correct
Correct Answer:

Verified
Correct Answer:
Verified
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