Lila and Ted Are Married and Have AGI of $340,000

question 108

Multiple Choice

Lila and Ted are married and have AGI of $340,000 in 2017.They had their first children this year,twins.Lila and Ted will be allowed a deduction for personal and dependency exemptions of

• A)$8,100.
• B)$16,200.
• C)$12,636.
• D)$6,318.

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Definitions:

Lower Costs

A reduction in the expenses associated with producing or acquiring goods and services.

Welfare System

A government program designed to support individuals and families in need through financial aid, healthcare, and social services.

Benefits

Advantages or gains provided by a product, service, or activity to an individual, group, or society.

Wage Rate

The amount of compensation received by an employee per unit of time or output, often specified per hour or piece.