Question: The Individual Alternative Minimum Tax (AMT) (LO 6.5) Alternative minimum tax rates for individuals: a. Are 26 percent and 28 percent b. Are the same

The Individual Alternative Minimum Tax (AMT) (LO 6.5)

Alternative minimum tax rates for individuals:

a. Are 26 percent and 28 percent

b. Are the same as regular tax rates but on adjusted minimum taxable income

c. Higher than the highest marginal tax rate for individuals depending on filing status

d. Are 21 percent

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