Roughly speaking, the credit amount is the difference between the AMT computed with and without the deferral item of preference. If you were unfortunate enough to have been affected by the alternative minimum tax (AMT) in a prior year, then you may have a carryover of an unused minimum tax credit.
Freebase(1.00 / 1 vote)Rate this definition: Vulgarity is the quality of being common, coarse, or unrefined. This judgement may refer to language, visual art, social classes, or social climbers.
Punctuality. Meaning and definition: Punctuality means the exactness in keeping timer and appointments. It is defined as a quality by virtue of which a person is able to do the right thing at the right time and never offers an excuse for the delay in work.The need for punctuality in everyday life: Punctuality plays an important role in every walk of life.dvantages of punctuality: Punctuality is the key to success. A man who is punctual in his everyday life enjoys certain advantages which others do not get.