If the exemption was worth 3800 and inflation was 490, Financial Management

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If the exemption was worth 3800 and inflation was 490

Each year, the Internal Revenue Service adjusts the value of an exemption based on inflation (and rounds to the nearest $50). In a recent year, if the exemption was worth $3,800 and inflation was 4.90 percent, what will be the amount of the exemption for the upcoming tax year? (Round your answer to the nearest $50.)

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Financial Management: If the exemption was worth 3800 and inflation was 490

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