Which of the following statements is true about the corporate alternative minimum tax? a. The corporate alternative

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Which of the following statements is true about the corporate alternative minimum tax?

a. The corporate alternative minimum tax only applies to small corporations.
b. The corporate alternative minimum tax preferences and adjustments are exactly the same as those for individuals.
c. The corporate alternative minimum tax rate is a flat 28 percent.
d. Corporations with alternative minimum taxable income greater than $310,000 receive no exemption.

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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