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How much does the family save in taxes

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Reference no: EM13505303

Cynthia and Howard, married taxpayers filing a joint return, have $100,000 in taxable income in 2004. They have 2 children (ages 14 and 16) who have no taxable income. If they can legally shift $6,000 in taxable income to each child, how much does the family save in taxes?

Reference no: EM13505303

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