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In the United States, Taxpayers Are Allowed to Exclude from Taxation

Question 101

Multiple Choice
In the United States, taxpayers are allowed to exclude from taxation a certain amount of income, called
A)the personal income exclusion.
B)the income allowance.
C)the income tax credit.
D)the personal exemption.

In the United States, taxpayers are allowed to exclude from taxation a certain amount of income, called


A) the personal income exclusion.
B) the income allowance.
C) the income tax credit.
D) the personal exemption.

Correct Answer:

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