Example of personal and dependent exemptions. For a married couple with three children, the total exemption deduction for 2014 is $19,750 ($3,950 x 5). If the marginal income tax rate for this family is 25 percent, the five exemptions save $4,875 in taxes.
Where does the word 'pharaoh' come from? 'Pharaoh' is actually a Greek word that is based on an Egyptian word that meant 'great house'. When this word was first used, it referred to the palace of the king and its greatness, not just to the king himself. We use the word 'pharaoh' today to mean the ruler of ancient Egypt. Did any women become the pharaoh of Egypt? There was one woman to claim the throne of Egypt, and call herself the pharaoh - her name was Hatshepsut. She claimed that she had the right to rule Egypt. Hatshepsut ruled Egypt for about fifteen years before she was succeeded by her step-son Thutmosis III.
The Pharaoh (FARE-oh) owned all of Egypt, and everything in it: all the land, all the tools, all the animals, and all the people. He or she could tell anybody what to do, and they would have to do it. The Egyptian government was a monarchy. Of course the Pharaoh could not always be telling everybody what to do. So the Pharaohs chose people to represent them-nomarchs-and assigned the nomarchs to big estates all over Egypt. These rich men and women ran the estates, and on them they could tell everybody what to do.