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August 29, 2014

Homework Help: finance

Posted by jacky on Tuesday, May 1, 2012 at 6:26pm.

indexing exemption for inflation. each year, the internal revenue service adjusts the value of an exemption based on inflation ( and rounded to the nearest $50.00). in a recent year, if the exemption was worth 3,100 and inflation was 4.7 percent, what would be the amount of the exemption for the upcoming tax year?

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