6. Which of the following deductions is totally disallowed for purposes of the alternative minimum tax?...

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6. Which of the following deductions is totally disallowed for purposes of the alternative minimum tax? a. Investment interes

business accounting

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Ans: The correct option for the answer is option D i.e. Standard deduction

As per law , Standard deduction is not applied in AMT here state , local or and foreign taxes are also not deductible,

7. The correct option for the answer is option B i.e. $700

here, the difference between fair market value of stock and and exercising power of stock is treated as income

=$1500-800

=$700

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Answer 2

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