Sandra and Nick, married taxpayers filing a joint return, have $180,000 in taxable income in 2019. They
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Sandra and Nick, married taxpayers filing a joint return, have $180,000 in taxable income in 2019. They have 3 children (ages 6 through 11) 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 180000 for a married couple filing joint return 180000 168400 x 24 2...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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