Which of the following statements regarding the AMT exemption amounts is not true?
A. The amount of the exemption depends on the taxpayer's filing status.
B. The exemption amount is completely phased-out for high income taxpayers.
C. Taxpayers must choose whether they will claim the exemption or itemize deductions.
D. None of these statements is false (All of these statements are true).
Answer: C. Taxpayers must choose whether they will claim the exemption or itemize deductions.