Many taxpayers with high incomes and high amounts of deductions must pay an additional tax referred to as the ________________ tax.

Question

Quizplus · Accepted Answer

The excess tax is not a commonly known tax, and the other options do not apply to this scenario. The alternative minimum tax is a tax that ensures taxpayers with higher incomes and significant deductions still pay a minimum amount of tax.

Many Taxpayers with High Incomes and High Amounts of Deductions