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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ABNORMAL EXPENSE see EXTRAORDINARY ITEMS.

NET WORTH is the difference between Total Liabilities and Total Assets. Minority interest is included here.

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