Multiple Choice
Which of the following statements is correct?
A) If the tentative minimum tax is $10,000 and the regular income tax liability is $12,000, AMT is $2,000.
B) If the tentative minimum tax is $12,000 and the regular income tax liability is $10,000, AMT is $12,000.
C) If the tentative minimum tax is $10,000 and the regular income tax liability is $12,000, AMT is a negative $2,000.
D) If the tentative minimum tax is $12,000, and the regular income tax liability is $10,000, AMT is $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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