Cynthia and Howard, married taxpayers filing a joint return, have $100,000 in taxable income in 2017. They

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Cynthia and Howard, married taxpayers filing a joint return, have $100,000 in taxable income in 2017. 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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Taxation For Decision Makers 2018

ISBN: 9781119373735

8th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 15, 2024 03:02 AM

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Cynthia and Howard, married taxpayers filing a joint return, have $100,000 in taxable income in 2017. They

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Taxation For Decision Makers 2018

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