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Pam earned $100,000.00 in 2020 by working at a local paper company. She wants to assign $50,000.00 of that income to her boyfriend, Jim, in
Pam earned $100,000.00 in 2020 by working at a local paper company. She wants to assign $50,000.00 of that income to her boyfriend, Jim, in order to lower her adjusted gross income and reduce the amount of federal income tax that she is required to pay. Is Pam able to assign her income to Jim? Why or why not?
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