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AMT stands for?

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Industry/Domain: Financial services
Category: General Finance
Created: 20:03, 11 November 2012

Answers (1)

XxMEGA_GOKUxX

It's short for Alternative Minimum Tax. A federal tax to ensure that corporations, estates, trusts and wealthy individuals pay a tax to the minimum level. For individuals, the AMT is calculated by adding the gross income adjusted for the items of tax preference.

00:59, 23 November 2012

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