tax quiz 9 - An example of a tax preference item that must...

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An example of a tax preference item that must be added to taxable income when computing AMTI would be: Choose one answer. a. Percentage depletion in excess of the adjusted bas b. Excess intangible drilling costs c. Tax-exempt interest on certain private activity bonds d. Only a and b e. All of the above Incorrect Marks for this submission: 0/1. Question 2 Marks: 1 During the current year a corporation pays $8,000 to install ramps to the entrance of the corporation's office building that will allow disabled individuals better access to the building. The corporation's disabled access credit equals: Choose one answer. a. $0 b. $2,000 c. $3,750 d. $3,875 e. $4,000 ($8,000 - $250) x 50% Incorrect Marks for this submission: 0/1. Question 3 Marks: 1 Transportation costs for a child between the taxpayer's household and the child care location are allowable child care expenses. Answer: True False Transportation costs are not allowed.
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Incorrect Marks for this submission: 0/1. Question
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This note was uploaded on 11/26/2011 for the course INCOME TAX 4404 taught by Professor Bulie during the Spring '11 term at University of Minnesota Duluth.

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tax quiz 9 - An example of a tax preference item that must...

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