Business, 23.03.2021 03:20, kolin89

A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the proprietorship. Compute the family's income tax savings if the son has no other income and takes a $12,400 standard deduction.

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A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for...