The kiddie tax exists to mitigate what? O Children from choosing not to be dependents of their parents. O Parents from making their children work at too young of an age. O Children from taking control of their parents investments. Parents from shifting income to dependent children to lower their tax liability.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter4: Managing Income Taxes
Section: Chapter Questions
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The kiddie tax exists to mitigate what?
Children from choosing not to be dependents of their parents.
Parents from making their children work at too young of an age.
Children from taking control of their parents investments.
Parents from shifting income to dependent children to lower their tax liability.
Transcribed Image Text:The kiddie tax exists to mitigate what? Children from choosing not to be dependents of their parents. Parents from making their children work at too young of an age. Children from taking control of their parents investments. Parents from shifting income to dependent children to lower their tax liability.
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