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.
The term Singularity has many definitions. The everyday English definition of Singularity is a noun that designates the quality of being one of a kind, strange, unique, remarkable or unusual. For a more specific definition of Singularity we can search The Wiktionary where we get the following five Singularity definitions: