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Title: Exemptions and deductions are used Post by: justinw2200 on Feb 28, 2019 Question 1. A personal exemption refers to• the tax rate that applies to a particular tax bracket. • the tax bracket that represents basic living expenses. • an amount representing basic living expenses that can be subtracted from income. • a dispensation that allows certain qualifying individuals not to pay federal taxes. Question 2. Exemptions and deductions are used• to add to taxes that must be paid. • by taxpayers to reduce the amount of income subject to tax. • to determine the type of tax structure. • to determine what items are subject to sales taxes. Title: Exemptions and deductions are used Post by: Nashua on Feb 28, 2019 Content hidden
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