Allowable exemption amount

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Reference no: EM131223201

In 2016, Dominique and Felix are married and file a joint tax return. Their AGI is $314,050, and they claim three exemptions. The personal exemption amount for 2016 is $4,050 and the phase out threshold for married filing a joint tax return is $311,300.

Their allowable exemption amount for 2016 is... $_________

Reference no: EM131223201

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