A taxpayer can deduct aan)amount from AGI for each dependent.
A)Deduction
B)Exemption
C)Adjustment
D)Itemized

Question

Quizplus · Accepted Answer

An exemption is an amount that a taxpayer can deduct from their AGI for each dependent they claim on their tax return. Deductions (A) and adjustments (C) are also types of tax breaks, but they apply to different areas of a taxpayer's income and expenses. Itemized deductions (D) are specific expenses that a taxpayer can choose to deduct instead of taking the standard deduction.

A Taxpayer Can Deduct Aan)amount from AGI for Each Dependent