Series 52: Alternative Minimum Tax (AMT)

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Alternative Minimum Tax (AMT)...

an income tax calculation for high income taxpayers that sets a limit on certain allowable tax deductions as a means of meeting a minimum tax threshold.

Since you're reading about Series 52: Alternative Minimum Tax (AMT), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!