CHAPTER 15
ALTERNATIVE MINIMUM TAX
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Status:
Q/P
Question/
Present
in Prior
Problem
Topic
Edition
Edition
TRUE OR FALSE
1
Purpose of AMT
Unchanged
1
2
Direct versus indirect method
Modified
2
3
Adjustments
Unchanged
3
4
Adjustments versus preferences
Unchanged
4
5
Circulation expenditures
Modified
5
6
Circulation expenditures
Unchanged
6
7
AMT exemption amount
Unchanged
7
8
AMT rates
Unchanged
8
9
AMT rates and net capital gain
Modified
9
10
AMT credits
Unchanged
10
11
AMT credits
Unchanged
11
12
Tentative AMTI versus regular taxable income
Unchanged
12
13
Tentative AMT
Modified
13
14
Phaseout of AMT exemption amount
Modified
14
15
AMT adjustments
Unchanged
15
16
Circulation expenditures:
positive and negative
Unchanged
16
adjustments
17
Depreciation adjustment
Unchanged
17
18
Depreciation adjustment
Unchanged
18
19
Depreciation adjustment
Unchanged
19
20
Pollution control facilities adjustment
Unchanged
20
21
Mining exploration and development expenditures
Unchanged
21
adjustment
22
Mining exploration and development expenditures
Unchanged
22
adjustment
23
Research and experimental expenditures adjustment
Unchanged
23
24
Long-term contracts adjustment
Unchanged
24
15-1
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15-2
2010 Comprehensive Volume/Test Bank
25
Long-term contracts adjustment
Unchanged
25
26
Incentive stock option adjustment
Unchanged
26
Status:
Q/P
Question/
Present
in Prior
Problem
Topic
Edition
Edition
27
Incentive stock option adjustment
Modified
27
28
Incentive stock option adjustment
Unchanged
28
29
Adjusted gain or loss:
basis
Unchanged
29
30
Adjusted gain or loss:
sale of land
New
31
Passive activity loss adjustment
Unchanged
31
32
Alternative minimum tax NOL adjustment
Unchanged
32
33
Charitable contribution deduction
New
34
Gambling loss adjustment
Unchanged
34
35
Cutback adjustment
Unchanged
35
36
Medical expenses adjustment
Unchanged
36
37
Medical expenses adjustment
New
38
Unreimbursed employee business expenses
Unchanged
38
adjustment
39
Interest on home equity loan adjustment
Unchanged
39
40
Personal and dependency exemption adjustment
Unchanged
40
41
Percentage depletion preference
Unchanged
41
42
IDC preference
Unchanged
42
43
Private activity bonds interest preference
New
44
Preference for small business stock exclusion
Modified
44
45
AMT credit
Unchanged
45
46
Corporation:
AMT tax rates
New
47
Corporation:
AMT exemption
New
48
Corporation:
small corporation exception
Unchanged
46
49
Corporation:
AMT adjustments
Unchanged
47
50
Corporation:
AMT adjustments
Unchanged
49
51
Corporation:
AMT credit
Unchanged
50
MULTIPLE CHOICE
1
AMT characteristics
Unchanged
1
2
AMT exemption amount
Modified
2
3
AMTI calculation
Modified
3
4

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- Spring '10
- Cruz
- Taxation in the United States, regular income tax
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