Each year, the Internal Revenue Service adjusts the value of an exemption based on inflation (and rounds
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Each year, the Internal Revenue Service adjusts the value of an exemption based on inflation (and rounds to the nearest $50). In a recent year, if the exemption was worth $4,050 and inflation was 3.1 percent, what would be the amount of the exemption for the upcoming tax year?
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Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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