19. LO.3, 4, 6 Mike Barr was an outstanding football player in college and expects to be...

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19. LO.3, 4, 6 Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has let it be known that he would prefer to sign with an NFL team located in Florida, Texas, or Washington.

Is Mike undertaking good income tax planning? Explain.

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