Questions: Exemptions are per person. True False

Exemptions are per person. True False
Transcript text: Exemptions are per person. True False
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Solution

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Answer

The answer is True.

Explanation

Exemptions, particularly in the context of tax filings, are typically applied on a per-person basis. This means that each individual taxpayer, as well as each dependent, can qualify for an exemption. For example, in the United States, the Internal Revenue Service (IRS) allows taxpayers to claim personal exemptions for themselves and their dependents, which reduces their taxable income.

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