Cynthia and John have dependent twins ages 18. Their joint income places them in the 32 percent marginal tax bracket. What are their total tax savings if they can transfer $2,000 of taxable income to each of the children? The children have no other income that is taxable.

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The Answer of Cynthia and John have dependent twins ages 18. Their joint income places them in the 32 percent marginal tax bracket. What are their total tax savings if they can transfer $2,000 of taxable income to each of the children? The children have no other income that is taxable.

Cynthia and John Have Dependent Twins Ages 18