A Personal Allowance

question 7

Multiple Choice

A personal allowance:

• A) amounted to $2,000 in 2018.
• B) may be claimed to exempt a portion of the employee's earnings from withholding.
• C) is indexed for inflation every calendar quarter.
• D) may be claimed at the same time with each employer for whom an employee is working during the year.
• E) for one person is a different amount for a single versus a married taxpayer.

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