dependency exemption en
1dependency exemption — see exemption Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
2dependency exemption — An amount which may be subtracted in computing taxable income for each person who qualifies as a dependent of the taxpayer and whose gross income is less than the exemption amount or who is a child of the taxpayer and who has either not attained… …
3dependency exemption — An amount which may be subtracted in computing taxable income for each person who qualifies as a dependent of the taxpayer and whose gross income is less than the exemption amount or who is a child of the taxpayer and who has either not attained… …
4exemption — ex·emp·tion /ig zemp shən/ n 1: the act of exempting or state of being exempt 2: one that exempts or is exempted: as a: an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also… …
5exemption — Freedom from a general duty or service; immunity from a general burden, tax, or charge. Immunity from service of process or from certain legal obligations, as jury duty, military service, or the payment of taxes. See also immunity A privilege… …
6exemption — Freedom from a general duty or service; immunity from a general burden, tax, or charge. Immunity from service of process or from certain legal obligations, as jury duty, military service, or the payment of taxes. See also immunity A privilege… …
7Exemption — A deduction allowed by law to reduce the amount of income that would otherwise be taxed. An exemption is based on a status or circumstance rather than economic standing. There are two types of exemptions: personal and dependency. An example of an …
8dependent — de·pen·dent 1 adj 1: determined or conditioned by another: contingent 2 a: relying on another for esp. financial support b: lacking the necessary means of support or protection and in need of aid from others (as a public agency) have the child… …
9Child and Dependent Care Credit — Part of a series on Taxation Taxation in the United States …
10Tax bracket — Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income mdash; income past a certain… …
