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e. The unearned income of a minor is not taxed 12. LO 6.5 - Calculate a basic alternative minimum tax. The alternative minimum tax exemption:
e. The unearned income of a minor is not taxed 12. LO 6.5 - Calculate a basic alternative minimum tax. The alternative minimum tax exemption: a. Is a direct reduction of the tentative minimum tax b. Is a reduction of alternative minimum taxable income for cert taxpayers c. Permits certain taxpayers to elect to treat AMT as a reduction d. Is subject to carryback and carryforward provisions e. Increases the effects of tax preference items 12. LO 6.5 - Calculate a basic alternative minimum tax. The alternative minimum tax exemption: a. Is a direct reduction of the tentative minimum tax b. Is a reduction of alternative minimum taxable income for C taxpayers c. Permits certain taxpayers to elect to treat AMT as a reductio d. Is subject to carryback and carryforward provisions e. Increases the effects of tax preferencat
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