Solved

A Personal Allowance

Question 42

Multiple Choice

A personal allowance:


A) amounted to $2,000 in 2017.
B) may be claimed to exempt a portion of the employee's earnings from withholding.
C) is indexed for inflation every calendar quarter.
D) may be claimed at the same time with each employer for whom an employee is working during the year.
E) for one person is a different amount for a single versus a married taxpayer.

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