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Which of the following is true of the alternative minimum tax ( AMT ) ? The AMT exemption amount is not subject to phase -
Which of the following is true of the alternative minimum tax AMT The AMT exemption amount is not subject to phase out. Bonus depreciation and the Section expense are AMT adjustments All tax credits taken for regular tax can be taken for the AMT. Estates and trusts are subject to it Only individuals are subject to it
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