TB Individual Income ch. 12

TB Individual Income ch. 12 - CHAPTER 12 ALTERNATIVE...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 12 ALTERNATIVE MINIMUM TAX Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily pre- view their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencie s for each test item are located within the item itself. 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 25 Long-term contracts adjustment Unchanged 25 26 Incentive stock option adjustment Unchanged 26 27 Incentive stock option adjustment Modified 27 12-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
12-2 2010 Annual Edition/Test Bank Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 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
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/06/2011 for the course ECON 3332 taught by Professor Craig during the Spring '11 term at Rensselaer Polytechnic Institute.

Page1 / 50

TB Individual Income ch. 12 - CHAPTER 12 ALTERNATIVE...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online