er 12 Homework (lax) Mrs. Franklin, who is in the 37 percent tax bracket, owns a residential apartment building that generates $110,000 annual taxable Income. She plans to create a family partnership by giving each of her two children a 20 percent equity Interest in the building. She will retain a 60 percent interest.) Mrs. Franklin will manage the building, and value of her services is $30,000 per year. If Mrs. Franklin's children are in the 12 percent tax bracket compute the tax savings from this income-shifting arrangement. (gnore any payroll tax consequences.) Tak savings from this income shiring arrangement