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agasfer [191]
3 years ago
13

What is a tax exemption (also known as a tax allowance)?

Computers and Technology
1 answer:
KengaRu [80]3 years ago
4 0
<span>Tax exemption refers to a monetary exemption which reduces taxable income. Tax exempt status can provide complete relief from taxes, reduced rates, or tax on only a portion of items.</span>
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