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How can Katherine maximize tax savings by transferring her substantial salary to her five children, ages ranging from 2 - 7? Katherine has a 37%
How can Katherine maximize tax savings by transferring her substantial salary to her five children, ages ranging from 2 - 7? Katherine has a 37% marginal tax rate. a. Transfer $13,850 of salary to each child in order to take advantage of the standard deduction. b. Transfer one-fifth of her salary to each child. c. Transfer $2,500 of salary to each child. d. None of the above.
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