ALTERNATIVE MINIMUM TAX Definition

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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.

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MOTIVATION is the cause of the action, i.e. the reason that gives purpose and direction to behavior.

NOL see Net Operating Loss.

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