To recognize such basic personal living costs as food and clothing,each individual taxpayer is allowed a personal exemption of $3,900 in 2013.

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This statement accurately reflects the current tax law. The personal exemption for 2013 was $3,900, and it is typically used to cover basic personal living expenses such as food and clothing. However, it is important to note that this exemption is subject to certain income limitations and phase-outs.

To Recognize Such Basic Personal Living Costs as Food and Clothing,each