Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
38th Edition
ISBN: 9780357391129
Author: WHITTENBURG
Publisher: Cengage
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Chapter 6, Problem 13P
To determine

Concept Introduction:

AMT: Alternative Minimum Tax is a tax that helps taxpayers to pay the minimum or least tax. The alternative minimum tax is used to recalculate the income tax after adjusted a certain tax.

To explain: The common deductions that are allowed for regular tax but are not deduction for AMT purpose.

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