Multiple Choice
Which of the following statements is incorrect?
A) If the tentative minimum tax exceeds the regular income tax liability, the AMT is $0.
B) The exemption amount increases as AMTI increases.
C) The AMT tax rate for an individual taxpayer can be as high as 26%.
D) Only a.and b.are incorrect.
E) a., b., and c.are incorrect.
Correct Answer:
Verified
Correct Answer:
Verified
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