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An exemption is anything not subject to taxation.

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โˆ™ 2006-12-07 19:53:03
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Q: What does the term 'exemption' mean regarding the calculation of income tax?
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What does federal exemption mean on state taxes?

Federal exemption is the right to claim a qualifying minor for the child tax credit and child exemption against your income. It may also qualify you for the Earned Income Credit and Head of Household status, IF the child lived with you 51% of the year.


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I am assuming you mean the personal and dependency exemptions for 2009. The exemption amount for 2009 is $3,650.


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Average income in 1968?

http://www.census.gov/hhes/www/income/histinc/f07ar.html All Families Median Income in 1968 was $8,632 Mean Income was $9,670 Married-Couple Families Median Income in 1968 was $9,144 Mean Income was $10,222 Male Household, no wife present Median Income in 1968 was $7,321 Mean Income was $8,185


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regression is calculation mean.


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