Which of the following is not true about exemptions?
A)An exemption includes a deduction for qualified dependents.
B)Exemptions increase your taxable income.
C)An exemption includes a deduction for yourself.
D)An exemption includes a deduction for your spouse
E)Each exemption is worth $4,050 in 2016.

Question

Quizplus · Accepted Answer

Exemptions actually decrease your taxable income by providing deductions for yourself, your spouse (if filing jointly), and any qualified dependents. Each exemption is worth $4,050 in 2016.

Which of the Following Is Not True About Exemptions