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The ACT does have a reasonable about of geometry questions. Usually there are 14 plane geometry questions (plane geometry means flat shapes, as opposed to three dimension geometry), and an additional 9 questions on coordinate geometry. I'm guessing you've covered coordinate geometry in your algebra classes, but I figure I'd mention it just in case.
Hypothetically, you could get a score in the high twenties without getting any of the plane geometry questions right, but you'd have to get pretty much everything else correct. Whether or not you should spend time on geometry really depends on what kind of score you're shooting for and how confident you are with the other material on the test.
The good news is that you don't need to know an entire year of geometry to answer most of the questions. In most cases you just need to know formulas for area and perimeter of shapes like rectangles and triangles and area and circumference of circles. Once you know that formulas, you can answer many questions by approaching them like an algebra problem.
The reason that geometry is on the test is that many geometry questions test your reasoning skills because the problems require many steps.
Any prep book should have a good review of geometry, and if you're a strong math student in other areas, you can probably pick up the basics pretty quickly. (The Kaplan book is pretty good, by the way.)
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