The tax designed to ensure that those who receive tax breaks also pay their fair share of taxes is called the

Question

Quizplus · Accepted Answer

The AMT or Alternative Minimum Tax is designed to ensure that those who receive tax breaks also pay their fair share of taxes. It calculates a separate tax liability by adding certain tax preferences and adjustments to the taxpayer's income and then applies a different tax rate. The purpose of the AMT is to prevent high-income taxpayers from using deductions and credits to avoid paying a significant amount of taxes. Therefore, option A is the correct choice.

The Tax Designed to Ensure That Those Who Receive Tax