Jessica Simsung has 2 children over the age of 20. While Ms. Simsung has several million dollars invested in shares of public companies that earn a substantial rate of return through dividends, her children have no income of their own. Ms. Simsung has employment income which places her in the maximum tax bracket. Describe briefly how Ms. Simsung could use a corporation to split income with her children.

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The Answer of Jessica Simsung has 2 children over the age of 20. While Ms. Simsung has several million dollars invested in shares of public companies that earn a substantial rate of return through dividends, her children have no income of their own. Ms. Simsung has employment income which places her in the maximum tax bracket. Describe briefly how Ms. Simsung could use a corporation to split income with her children.

Jessica Simsung Has 2 Children Over the Age of 20