Deduction for personal and dependency exemptions

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Reference no: EM131288696

Sam and Elizabeth Jefferson file a joint return and have three children—all of whom qualify as dependents. If the Jeffersons have AGI of $333,400, what is their allowable deduction for personal and dependency exemptions for 2016? When computing the reduction factor, round the amount up to the next whole number and use in subsequent computations.

Reference no: EM131288696

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