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All 4 parts of the question are included. Required information The following information applies to the questions displayed below. Tawana owns and operates a sole
All 4 parts of the question are included.
Required information The following information applies to the questions displayed below. Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $14,500 a year for college expenses. Jonathon works as a pizza delivery person every fall and has a marginal tax rate of 15 percent a. What could Tawana do to reduce her family tax burden? Employ her son in her sole proprietorship Ask Jonathon to find a new job Start a new enterprise Required information The following information applies to the questions displayed below. Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $14,500 a year for college expenses. Jonathon works as a pizza delivery person every fall and has a marginal tax rate of 15 percent b. How much pretax income does it currently take Tawana to generate the $14,500 (after taxes) given to Jonathon? (Round your answer to the nearest whole dollar amount.) Pretax income $ 23,016 Required information The following information applies to the questions displayed below Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $14,500 a year for college expenses. Jonathon works as a pizza delivery person every fall and has a marginal tax rate of 15 percent c. If Jonathon worked for his mother's sole proprietorship, what salary would she have to pay him to generate $14,500 after taxes ignoring any Social Security, Medicare, or self-employment tax issues)? (Round your answer to the nearest whole dollar amount.) Answer is complete and correct. s 17,059 17.059 SalaryStep by Step Solution
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