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Banana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $10,500 a year for college
Banana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $10,500 a year for college expenses. Jonathon works as a pizza delivery person every fall and has a marginal tax rate of 15 percent. Note: Round your final answers to the nearest whole dollar amount. Required: What could Tawana do to reduce her family tax burden? How much pretax income does it currently take Tawana to generate the
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