My question is: do the numbers below include the personal exemption?
I found this tax data for 2016:
Table 2. 2016 Standard Deduction and Personal Exemption (Estimate) Filing Status Deduction Amount Single $6,300.00 Married Filing Jointly $12,600.00 Head of Household $9,300.00 Personal Exemption $4,050.00
For example, if my salary were to be 50k and I were filing single, am I taxed on:
A) $39,650 ($50,000-$6,300-$4,050) or
B) $43,700 ($50,000 - $6,300)
I'm trying to keep this example as simplistic as I can, so I'm not assuming any additional circumstances (mortgage interest or student loan interest refunds, 1 allowance, itemization, etc.)