An individual taxpayer will be liable for alternative minimum tax when: a. The regular tax liability exceeds
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An individual taxpayer will be liable for alternative minimum tax when:
a. The regular tax liability exceeds the tentative minimum tax
b. The tentative minimum tax exceeds the regular tax liability
c. The taxpayer’s income is below the filing threshold
d. The standard deduction or any credit is claimed
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Related Book For
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
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