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What does the term 'exemption' mean regarding the calculation of income tax?
Wiki User
∙ 17y ago
An exemption is anything not subject to taxation.
Wiki User
∙ 17y ago
An exemption refers to a specific amount of income that is not subject to taxation. This typically reduces the taxpayer's taxable income, thereby decreasing the overall amount of tax owed. Exemptions can apply to different categories of income, such as for dependents or certain types of income.
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What does policy mean in the sentence Keeping your personal information a secret online is a wise policy?
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I dont know what you mean but scientific, but if you mean birth name its James Howlett
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The largest phylum in the animal kingdom is made up of what?
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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.
What is the amount per child for income taxes?
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You better rephrase to include which country, or state laws you mean. US Federal do not have citations in that format.
How much extra income can you make before you have to turn it into your taxes?
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With regards to a mortgage, NINA is an acronym for no income no asset documentation. In other words, a borrower doesn't have to disclose any information regarding to income or assets.
What does trustee's objection to exemption mean in a chapter 13?
The trustee is alleging that an asset you claimed as exempt from attachment by creditors actually is not exempt. It would mean that the assets would be counted toward the requirement that you contribute all of your disposable income to payments under your plan.
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What does regular income tax mean?
what does regular income mean
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There is no "Calculation" tab in Inernet Explorer.
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