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10 points Each year, the Internal Revenue Service adjusts the value of an exemption based on inflation (and rounds to the nearest $50). In a
10 points Each year, the Internal Revenue Service adjusts the value of an exemption based on inflation (and rounds to the nearest $50). In a recent year, if the exemption was worth $4,050 and inflation was 3.1 percent, what will be the amount of the exemption for the upcoming tax year? (Round your final answer to the nearest $50.) Upcoming exemption eBook Print References
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