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Business, 14.11.2019 20:31 briana21092005

Ward and june are in the 35% tax bracket. included in their assets is a dell computer corporation bond with a face value of $10,000. the bond pays $1,000 a year in interest. ward and june gift the bond to their son, wally (age 25), on january 1, 2019. wally is in the 22% tax bracket. what is the 2019 net income tax savings, if any, for the family unit of ward, june and wally related to the transfer of the bond?

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