Taxpayers with high incomes and high amounts of certain deductions may be subject to an additional tax referred to as the ________ tax.
A)deferred
B)bonus
C)excess
D)capital gains
E)alternative minimum

Question

Quizplus · Accepted Answer

The alternative minimum tax (AMT) is designed to ensure that individuals with high incomes cannot use certain deductions and credits to pay little or no income tax.

Taxpayers with High Incomes and High Amounts of Certain Deductions