Legal income shifting includes shifting income among relatives and between a business and its owner/employee.

Name: Legal income shifting includes shifting income among relatives and between a business and its owner/employee.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Legal income shifting involves strategies such as employing family members in a business and paying them a salary, or distributing profits from a business to its owners in a tax-efficient manner. These practices are legal when they comply with tax laws and regulations.

Legal Income Shifting Includes Shifting Income Among Relatives and Between