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The Alternative Minimum Tax (AMT) is a separate tax that is imposed in addition to the taxpayer's regular tax. It is caused by two types
The Alternative Minimum Tax (AMT) is a separate tax that is imposed in addition to the taxpayer's regular tax. It is caused by two types of adjustments and preferences: deferral items and exclusion items. Deferral items include which of the following? A. Depreciation B. Standard deduction C. Itemized deductions D. Tax-exempt interest
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