Question: Alternative Minimum Tax ( AMT ) is imposed at a nearly flat rate on an adjusted amount of taxable income above a certain threshold (

Alternative Minimum Tax(AMT) is imposed at a nearly flat rate on an adjusted amount of taxable income above a certain threshold (also known as an exemption). This exemption is substantially higher than the exemption from regular income tax. The AMT exemption amount for the tax year 2024 for single filers is ______and begins to phase out at $609,350($133,300, for married couples filing jointly for whom the exemption begins to phase out at $1,218,700).
Question 8Select one:
a.
$85,700
b.
$73,800
c.
$73,600
d.
$57,300

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