Question
tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. she provides for her son, jonathon $8000 a year for
tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. she provides for her son, jonathon $8000 a year for college expenses. jonathon works as a pizza delivery person every fall and has a marginal tax rate of 15 percent.
how much pretax income does it currently take tawana to generate the $8000 given to jonathon?
if joanthon worked for his mothers sole proprietorship, what salary would she have to pay him to generate after taxes?
how much money would the strategy save?
this will save tawana ______ pretax and will save the family _____ after tax.
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