With Regard to the Alternative Minimum Tax (AMT)

Multiple Choice

With regard to the alternative minimum tax (AMT) ,
I.the AMT rate equals the highest individual income tax rate.
II.the AMT is separate and distinct from, yet parallel to, the regular income tax system.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.