Q: What is a personal allowance? What was the amount of personal allowance for 2014?

Q: What is a personal allowance? What was the amount of personal allowance for 2014? A: Personal allowance is the types of withholding allowances that may be claimed by employees for income tax withholding and the purpose and use of form W-4. $3,950 in 2014 and one deduction for spouse as long as he/she are […]
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