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Which of the following statements relating to alternative minimum tax (AMT) is true?

Which of the following statements relating to alternative minimum tax (AMT) is true?


A.If AMT is higher than regular tax liability, the latter tax becomes payable


B.If AMT is lower than regular tax liability, the tax payer can pay either type of tax

 


C.The IRS decides who should be subject to AMT


D.If AMT is higher than regular tax liability, the AMT becomes payable

Top Answer

B.If AMT is lower than regular... View the full answer

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