Assess how deductions and exemptions impact personal preferences, providing examples where applicable. You can search http://www.irs.gov for more information.© BrainMass Inc. brainmass.com September 23, 2018, 12:26 pm ad1c9bdddf - https://brainmass.com/business/accounting/this-post-addresses-how-deductions-exemptions-affect-taxes-472972
Deductions and exemptions impact personal preferences in regards to the goals of the taxpayer. If the taxpayer is trying to keep their income low in order to pay the least amount of taxes possible, claiming the most amounts of exemptions and deductions as the taxpayer can claim would be an optimal choice. In this case, the ...
The solution addresses how deductions and exemptions impact personal preferences, providing examples where applicable.