Difference between revisions of "Allowances"

From CNM Wiki
Jump to: navigation, search
(Created page with "Allowances (also known as exemptions) are certain dollar amounts of a person's income tax that will be considered nontaxable for income tax withholding purposes. ==De...")
(No difference)

Revision as of 19:40, 20 December 2018

Allowances (also known as exemptions) are certain dollar amounts of a person's income tax that will be considered nontaxable for income tax withholding purposes.

Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Allowances (also known as exemptions). Certain dollar amounts of a person's income tax that will be considered nontaxable for income tax withholding purposes.

Related concepts

Related coursework