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Emily and Grady file a joint return and have 1 children, all of whom qualify as dependents. If Emily and Grady have AGI of $310,000,
Emily and Grady file a joint return and have 1 children, all of whom qualify as dependents.
If Emily and Grady have AGI of $310,000, what is their allowable deduction for personal and dependency exemptions for 2015?
Note: When computing the reduction factor, round the amount up to the next whole number and use in subsequent computations.
Allowable deduction for personal and dependency exemptions:
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