What is the amount of the personal and dependency exemption for 2014?
A) $3,900.
B) $6,200.
C) $3,950.
D) $3,975.

Question

Quizplus · Accepted Answer

The amount of the personal and dependency exemption for 2014 is $3,950. Choice A is incorrect as it was the amount for 2013, Choice B is incorrect as it is the standard deduction for a single taxpayer in 2014, and Choice D is incorrect as it is not a valid amount for the exemption.

What Is the Amount of the Personal and Dependency Exemption