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 TaxAMT 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 for single filers is and begins to phase out at $$ for married couples filing jointly for whom the exemption begins to phase out at $
Question Select one:
a
$
b
$
c
$
d
$
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