Which of the following statements describing the alternative minimum tax (AMT) is most correct?
A)Generally, those taxpayers most concerned about being in AMT are low income taxpayers who elect the standard deduction.
B)The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
C)The goal of the AMT is to try to ensure that all taxpayers with economic income pay at least some income tax.
D)None of these is true.

Question

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The Answer of Which of the following statements describing the alternative minimum tax (AMT) is most correct?
A)Generally, those taxpayers most concerned about being in AMT are low income taxpayers who elect the standard deduction.
B)The AMT was enacted in an attempt to limit the ability of taxpayers to engage in questionable tax planning activities.
C)The goal of the AMT is to try to ensure that all taxpayers with economic income pay at least some income tax.
D)None of these is true.

Which of the Following Statements Describing the Alternative Minimum Tax