Exemptions are phased out and eliminated altogether for taxpayers with high levels of AGI. After adjusting for inflation it applies to single taxpayers with 2008 AGI:

The correct answer is B. Over $159,950. See the full explanation below for the reasoning.

Taxation

Question

Options

AUnder $159,950
BOver $159,950
CEqual to $179,950
DOver $189,950

How the community answered

(49 responses)

A
4% (2)
B
73% (36)
C
14% (7)
D
8% (4)

Topics

#AGI phase-out#exemptions#high income taxpayers#tax thresholds

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