Which of the following statements regarding the alternative minimum tax is false?
A) Corporations compute the AMT by multiplying their AMT base by 35 percent and subtracting their regular tax liability.
B) Small corporations are exempt from the AMT.
C) All first-year corporations are exempt from the AMT.
D) None of these is false (choose if you believe all of these are true) .
Correct Answer:
Verified
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