Mr.Blau structured an income-generating transaction so that the $90,000 income and cash flow shifted to Mr.Blau's sister,Kim.If Mr.Blau's marginal tax rate is 35%,and Kim's tax rate is 12%,compute the tax savings from the income shift.
A) $0
B) $10,800
C) $31,500
D) None of the above
Correct Answer:
Verified
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