What Was the Amount of the Personal Exemption for 2014

question 13

Multiple Choice

What was the amount of the personal exemption for 2014?

• A) $3,900.
• B) $3,950.
• C) $3,975.
• D) $3,800.

---

Definitions:

Authorized Shares

The highest quantity of shares that a company is authorized to issue according to its articles of incorporation.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and often pays dividends at a fixed rate.

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.

Owners

Individuals or entities that possess legal rights and control over a business or asset.