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Voluntary Investment Plan Application Form Confirm how many pages are included in this fax. Important Information Please read the Terms and Conditions booklet which apply to this investment. This
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psgam stands for Personal and Small Group Alternative Minimum tax. It is a tax calculation that ensures individuals and small groups with high exemptions and deductions still pay a minimum amount of tax.
Individuals and small groups whose income exceeds a certain threshold are required to file psgam.
To fill out psgam, individuals and small groups must gather their income, exemption, and deduction information and calculate the tax using the specific formula provided by the tax authority.
The purpose of psgam is to prevent individuals and small groups with high exemptions and deductions from completely avoiding their tax obligations by ensuring they still pay a minimum amount of tax.
On psgam, individuals and small groups must report their income, exemptions, and deductions in order to calculate the alternative minimum tax.
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