The starting point for computing a taxpayer\'s alternative minimum tax liability

Question

The starting point for computing a taxpayer's alternative minimum tax liability is the taxpayer's regular taxable income. To reach the alternative minimum tax base:

A. adjustment items are added back to regular income and preference items are subtracted.

B. adjustment items are added back or subtracted from regular income and preference items are subtracted.

C. adjustment items are added back or subtracted from regular income and preference items are added back.

D. adjustment items are subtracted from regular income and preference items are added back.

A. adjustment items are added back to regular income and preference items are subtracted.

B. adjustment items are added back or subtracted from regular income and preference items are subtracted.

C. adjustment items are added back or subtracted from regular income and preference items are added back.

D. adjustment items are subtracted from regular income and preference items are added back.

Explanation / Answer

To reach the alternative minimum tax base adjustment items are subtracted from regular income and preference items are added back. Option D is correct

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