Alternative Minimum Tax: Definition & Example


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question 1 of 3

In what decade was the alternative minimum tax introduced?

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1. Which of these could result in a tax break?

2. Who is the intended target of the alternative minimum tax?

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About This Quiz & Worksheet

This short self-assessment quiz will test your knowledge of the alternative minimum tax. You will need to know its historical context, its content, and other pertinent details.

Quiz & Worksheet Goals

Our quiz will see if you know:

  • Historical origins of the alternative minimum tax
  • What situation could result in a tax break
  • The primary target of the alternative minimum tax
  • What the cutoff for the alternative minimum tax is
  • The meaning of alternative minimum tax

Skills Practiced

  • Reading comprehension- ensure that you draw the most important information from the related alternative minimum tax
  • Information recall- access the knowledge you've gained regarding a deduction that isn't given under the alternative minimum tax
  • Interpreting information- verify that you can read information regarding the lowest amount of money a person has to make to qualify for the alternative minimum tax and interpret it correctly

Additional Learning

If you would like to learn more about the alternative minimum tax, feel free to check out our lesson entitled Alternative Minimum Tax: Definition & Example. In this lesson we'll take a look at:

  • Why the alternative minimum tax was created
  • Details and logistics of the alternative minimum tax
  • Shortcomings and controversies surrounding the alternative minimum tax