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a b c and d please Tawana owns and operates a sole proprietorship and has a 37 percent marghal tax rate. She provides her son,
a b c and d please
Tawana owns and operates a sole proprietorship and has a 37 percent marghal tax rate. She provides her son, Jonathon, $15,000 a year for college expenses. Jonathon works as a pizza delivery petson every fall and has a marginal tax rate of 15 percent. Required: a. What could Tawana do to reduce her family tax buiden? b. How much pretax income does it currently take Tawana to generate the $15,000 (after taxes) given to Jonathon? c. If Jonathon worked for his mother's sole proprietorship, what salary would she have to pay him to generate $15.000 after taxes fipnoring eny Social Secunty. Medicare, or self-emplayment tox issues)? d. How much money would the strategy in part (c) save? Complete this questien by entering your answers in the tabs below. What could Tawana do to reduce ber family tax burden? Tawana owns and operates a sole proprietorship and has a 37 percent marghal tax rate. She provides her son, Jonathon, $15,000 a year for college expenses. Jonathon works as a pizza delivery petson every fall and has a marginal tax rate of 15 percent. Required: a. What could Tawana do to reduce her family tax buiden? b. How much pretax income does it currently take Tawana to generate the $15,000 (after taxes) given to Jonathon? c. If Jonathon worked for his mother's sole proprietorship, what salary would she have to pay him to generate $15.000 after taxes fipnoring eny Social Secunty. Medicare, or self-emplayment tox issues)? d. How much money would the strategy in part (c) save? Complete this questien by entering your answers in the tabs below. What could Tawana do to reduce ber family tax burden Step by Step Solution
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