Subjects personal finance

Personal Exemptions D01350

Step-by-step solutions with LaTeX - clean, fast, and student-friendly.

Use the AI math solver

1. **State the problem:** Thomas Adams takes a married exemption for himself and his wife, plus two personal exemptions for his son and daughter. We need to find the total amount of exemptions. 2. **Given data:** - Married exemption = $4000 - Each dependent exemption = $2000 - Number of dependents = 2 3. **Formula:** Total exemptions = Married exemption + (Number of dependents \times Dependent exemption) 4. **Calculate:** $$\text{Total exemptions} = 4000 + (2 \times 2000)$$ 5. **Simplify:** $$= 4000 + 4000$$ 6. **Final answer:** $$= 8000$$ So, the total amount of exemptions is $8000.