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Business, 04.03.2021 22:20 AnkitDavid1616

Which of the following statements are true about allowances, related to filing of income taxes? A. An allowance is a number that corresponds to the amount of tax withheld from your paycheck
B. The more people you need to support (dependents), the more allowances you can claim
C. The less allowances you claim, the more money is withheld from your wages for income taxes
D. A and B
E. All of the above

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