What is the tax base to which you would apply a tax rate when figuring alternative minimum tax?

Name: What is the tax base to which you would apply a tax rate when figuring alternative minimum tax?
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

To figure the tax base for alternative minimum tax, start with the taxpayer's regular taxable income. Then, add or subtract any alternative minimum tax adjustments to arrive at the alternative minimum taxable income. This is the tax base to which you should apply the appropriate tax rate.

What Is the Tax Base to Which You Would Apply