Question
1. Which of the following are never subtracted from but always added to regular taxable income or tentative alternative minimum taxable income to compute alternative
1. Which of the following are never subtracted from but always added to regular taxable income or tentative alternative minimum taxable income to compute alternative minimum taxable income?
a. AMT adjustment items
b. AMT tax preference items
c. AMT exemption
d. All of the above items are always subtracted
2. Which of the following are never added to but are always subtracted from regular taxable income or tentative alternative minimum taxable income to compute alternative minimum taxable income?
a. Certain AMT adjustments
b. AMT tax preference items
c. AMT exemption
d. All of the above items are always added
3. Which of the following are AMT adjustment items for an individual taxpayer that must be added to regular taxable income when computing the AMT?
a. Personal exemption
b. Standard deduction for taxpayers who do not itemize.
c. State income taxes and property taxes that were deducted as an itemized deduction.
d. All of the above
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