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). If the exemption in a recent year was worth $3,950 and inflation was 1.2 percent, what would be the amount of the exemption for the upcoming tax year?
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Ali Khawaja
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Related Book For 
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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