What is the alternative minimum tax (AMT) ?
A) The tax rate levied on your last dollar of taxable income
B) The tax rate that is calculated by dividing the total income taxes paid by the total income
C) The extra tax you have to pay on top of your regular income tax
D) An alternative tax you may opt for
Correct Answer:
Verified
Q45: What is the average tax rate?
A)It is
Q46: What is the marginal income tax rate?
A)The
Q47: Which of the following investments is not
Q48: How do you calculate your average tax
Q49: Which of the following is not included
Q51: How often do tax credits and deductions
Q52: If you have a mortgage,pay property taxes,and
Q53: How many marginal federal tax rate brackets
Q54: A cafeteria plan could include which of
Q55: When is the standard deduction higher?
A)If you're
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