As a result of provisions included in the Dodd-Frank Act, HOEPA was revised to extend its provisions to:

A socially responsible organization strives to deliver quality products and services that have a positive impact on society

Indicate whether the statement is true or false

Melinda is in the 35% marginal regular tax bracket. She reports a net capital gain of $150,000 on the sale of land which is eligible for the lower tax on net capital gain in calculating the regular income tax. Discuss the tax rate that applies to the $150,000 net capital gain in calculating the tentative minimum tax (TMT) for Melinda