Question
Tax Preparation Personal I need solutions for 2 questions for accounting course for my Assignment #1 as soon as possible Q1. Tax Preparation Personal -
Tax Preparation Personal
I need solutions for 2 questions for accounting course for my Assignment #1 as soon as possible
Q1. Tax Preparation Personal - Study Guide, page 6-7
Problem 2 (Please see attached files)
Q2.
Over the past two years, your client, a lawyer in sole practice, has developed several software packages for the preparation of legal contracts. At a recentsmall-business seminar, your client learned that she could pay her spouse and children a salary. By doing so, your client?s total tax paid as a family unit would drop substantially.
REQUIRED: If tax is avoided, how would the general anti-avoidance rule affect the transactions?
Be sure to show all detailed calculations and explain answers fully. Give references to the ITA or other sources where possible.
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