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    Tax planning

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    A taxpayer who gives her 14-year-old son, who has no other income, Treasury bills is engaging in tax planning that uses the

    a. jurisdiction variable.
    b. character variable.
    c. time period variable.
    d. entity variable.

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    Solution Preview

    Answer: d. entity variable

    Entity Variable : Tax costs decrease (and cash flows increase) when ...

    Solution Summary

    Answer to a multiple choice question on tax planning.