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A couple with 4 dependent children has an annual AGI of $176,000. Calculate the total dollar...

A couple with 4 dependent children has an annual AGI of $176,000. Calculate the total dollar amount of personal exemptions that they can claim for the

2017 tax year.

The total dollar amount of personal exemptions that the couple can claim for the 2017 tax year is: _________ ​(Round to the nearest​ dollar.)

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Answer #1

Answer:

For tax year 2017, the personal exemption was $4,050 per person.

Number of exemptions the couple can claim = 6

The total dollar amount of personal exemptions that the couple can claim for the 2017 tax year is = 4050 * 6 = $24,300

Hence:

The total dollar amount of personal exemptions that the couple can claim for the 2017 tax year is $24,300

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