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Indicate whether the following statements are True or False regarding the Alternative Minimum Tax (AMT) for corporations. a. As the AMT is in addition to

Indicate whether the following statements are "True" or "False" regarding the Alternative Minimum Tax (AMT) for corporations.

a. As the AMT is in addition to the regular corporate tax, it is computed basically the same.
b. Certain corporations that meet several gross receipts tests are exempted from the AMT as long as they remain small corporations.
c. The corporate amount of the AMT rate is 20%.

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