a. Explain the difference between income spitting and income shiting. A Shifting income means moving income from one tax bracket to another Spitting income means moving it from one tax retum to another OB. Shifting income means moving income from one tax year to the following tax year using various accounting recognition methods. Splitting income means moving from one tas tum ta Oc Shiting income means moving income from one tax retum to another Splitting income means creating additional taxatie enotes (such as C corporations) so as to spread income between more taxpay OD. Shifting income means moving income from one tax retum to another. Splitting income means ratably recognining income over several tax years b. Why we lampyers interested in shifting income from one tax return to another within the same family or economic unit? OA Different taxpayers are is different tax brackets. As a result, taxes can be saved by shifting income from a taxpayer who is in a low tax bracket to a boxpayer who is in a high as bracket O Different taxpayers are in different tax brackets As a result, taxes can be saved by shifting income from a taxpayer who is in a high tax bracket to a taxpayer who is in a lower tax bracket OC In order to take advantage of the child and dependent care credit D. nor to take advantage of the temized deductions e. Is there a relationship between the tax on uneamed income of children and taxpayers who attempt to shift income? A. The unearned income of children is taxed at the kidde tas which is less than the rate of the taxpayers who attempt to shift income. As a result, taxes ar saved by anting income to the chi OB. The tax on the unnamed income of children fe, the kiddie tex) was created to reduce the advantage of using temized deductions when a peyer is attempting to shift incom OC The law on the uneamed income of children (e. the kiddie tax) was created to reduce the advantage of using the child and dependent care credit when a taxpayer is attingiti OD. The lax on the uneamet income of children 0. kidde taxe created to reduce the opportunity to reduce taxes by shifting income from parents who are in high tax brackets to children who have the or nother income and would, therefore, normaly