How many exemptions may a taxpayer claim

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Reference no: EM131306496

1. Itemized Deductions. What are itemized deductions? How do itemized deductions relate to standard deductions? Provide some examples of itemized deductions.

2. Exemptions. What is an exemption? How many exemptions may a taxpayer claim?

3. Taxable Income. How is taxable income calculated?

Reference no: EM131306496

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