41. Which of the following statements regarding alternative minimum tax (AMT) under TCJA IS correct?
a) AMT is eliminated for all taxpayers in 2020.
b) The income level at which the exemption is phased out has increased in 2020.
c) Employees who exercise Incentive Stock Options may not be subject to AMT.
d) The preference items for AMT have not changed for 2018-2025 b.05 wants to

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)