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WordNet-Online
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Definitions from the WebAlternative Minimum TaxNoun Sense 1: A federal income tax that ensures individuals, corporations, and trusts pay a minimum amount of tax, regardless of deductions, credits, or exemptions. Example sentence: Many high-income earners have to calculate and pay alternative minimum tax in addition to their regular income tax. Related products: Tax planning books, Tax software Noun Sense 2: A minimum tax calculated using an alternative set of rules for individuals, corporations, or trusts, aimed at preventing tax avoidance. Example sentence: To determine if they owe alternative minimum tax, taxpayers must complete Form 6251 when filing their federal tax returns. Related products: Tax preparation software, Tax law books Adjective Sense 1: Describing a different option or choice that can be selected instead of the usual one. Example sentence: The students were given the alternative task of creating a presentation instead of writing an essay. Related products: Decision-making books, Alternative options | ||||
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