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The Alternative Minimum Tax Is the Parallel Tax System with

Question 34

Multiple Choice

The alternative minimum tax is the parallel tax system with


A) a more limited set of tax preferences than the regular income tax.
B) more allowable deductions and credits.
C) a lower rate of taxation, designed for individuals falling below the poverty line.
D) limits on the rate at which students are taxed on summer employment.
E) greater flexibility for the wealthy.

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