ALTERNATIVE MINIMUM TAX Definition

Bookmark and Share

ALTERNATIVE MINIMUM TAX (AMT) is an alternative tax which includes certain tax preference items that are added back into adjusted gross income. If higher than the regular tax, then the regular tax plus the amount by which AMT exceeds the regular tax is paid.

Learn new Accounting Terms

WARRANTY is a guarantee given to a buyer from a seller that the goods or services purchased will perform as promised, or a refund will be given, repair will be done at no charge, or an exchange made.

INSTALLMENT AGREEMENT see INSTALLMENT SALE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.