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Business, 04.04.2020 12:17 moneymaleia9264

Ward and June are in the 32% tax bracket. A bond of Dell Computer Corporation with a face value of $10,000 is included in their assets. The bond pays $1,000 interest annually. Ward and June gift the bond to their son, Wally (age 19), on January 1, 2019. Wally is in the 12% tax bracket. The 2019 net tax savings for the family unit of Ward, June, and Wally related to the transfer of the bond is:

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Ward and June are in the 32% tax bracket. A bond of Dell Computer Corporation with a face value of $...
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