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Assuming AMT (Alternative Minimum Tax) income of $1,000,000 for an individual, the minimum tax liability will be: A: $278,021 B: $276,002 C: $291,321 D: 280000

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Assuming AMT (Alternative Minimum Tax) income of $1,000,000 for an individual, the minimum tax liability will be: A: $278,021 B: $276,002 C: $291,321 D: 280000 Based on the text, the "effective tax rate" is: A: the average tax rate. B: the marginal tax rate assuming tax brackets with progressively higher rates. C: the tax rate associated with a tax bracket assuming progressively higher rates per bracket. D: cannot be calculated assuming all income is taxed at the same rate. Based on the text, the routing number on a check is: A: pertains to the first two sets of numbers on the bottom of a check. B: not reported on a check. C: the same as the checking account number. D: the first set of numbers on the bottom of the check. Assuming AMT (Alternative Minimum Tax) income of $1,000,000 for an individual, the minimum tax liability will be: A: $278,021 B: $276,002 C: $291,321 D: 280000 Based on the text, the "effective tax rate" is: A: the average tax rate. B: the marginal tax rate assuming tax brackets with progressively higher rates. C: the tax rate associated with a tax bracket assuming progressively higher rates per bracket. D: cannot be calculated assuming all income is taxed at the same rate. Based on the text, the routing number on a check is: A: pertains to the first two sets of numbers on the bottom of a check. B: not reported on a check. C: the same as the checking account number. D: the first set of numbers on the bottom of the check

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