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In: AccountingWhat is the purpose of the alternative minimum tax and who paysit? How was the...What is the purpose of the alternative minimum tax and who paysit? How was the individual alternative minimum tax impacted by theDecember 2017 tax reform law?Review available tax credits discussed in chapter 12 of thetext. Compare the tax credits that you actually take with the taxcredits you would like to take.Explain why you made the particular selections.For the tax credit(s) that you would like to take, explain whyyou are not able to take the tax credits(s).For the tax credits that you actually take, explain the benefitsthat you receive from the tax credit(s).If you have never prepared a tax return or looked at thisinformation before, what do you find most significant about theinformation that you read about tax credits?How, if at all, were the tax credits that you take or would liketo take impacted by the December 2017 tax reform law?