Taxpayers Are Not Allowed to Deduct Personal or Dependency Exemptions

question 98

True/False

Taxpayers are not allowed to deduct personal or dependency exemptions for alternative minimum tax purposes.

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Definitions:

Polygamy

A woman or man has two or more spouses.

Polygyny

A form of marriage in which a man is allowed to have more than one wife at the same time.

Polyandry

A form of marriage in which a woman has two or more husbands at the same time.

Monogamy

One person is married exclusively to another person.