The amount of a corporation's AMT is the amount of its tentative minimum tax in excess of its regular tax.

Question

Quizplus · Accepted Answer

This statement is true. The alternative minimum tax (AMT) is an additional tax that certain corporations may have to pay if their tentative minimum tax (calculated under a separate set of rules) exceeds their regular tax liability. The amount of the AMT is the difference between the tentative minimum tax and the regular tax.

The Amount of a Corporation's AMT Is the Amount of Its