Answer:
An exemption
Explanation:
A deduction from the adjusted gross income for oneself spouse and qualified dependent is known as an exemption.
An exemption from a gross income is the amount/percentage of the income of a taxpayer that is not taxable by law. this practice helps the income earner to cater for his liabilities without having to pay taxes on the cost of his liabilities.
exemption comes in two forms which are personal exemptions and dependent exemptions.and this is offered to the worker by the internal revenue service board of the Government. an exemption can also be claimed by an individual in cases where exemptions were not made by default
