Cynthia and Howard, married taxpayers filing a joint return, have $100,000 in taxable income in 2019. They
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Cynthia and Howard, married taxpayers filing a joint return, have $100,000 in taxable income in 2019. They have 4 children (ages 4 through 12) who have no income that is taxable. If they can legally shift $2,000 in taxable income to each child, how much does the family save in taxes?
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Tax on 100000 for a married couple filing a joint return 100000 78950 x 22 ...View the full answer
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Related Book For 
Taxation For Decision Makers 2020
ISBN: 9781119562108
10th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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