filing 2019 tax returns, Scott and Glenna are married with two
dependent children. They have $74,000 in wage income and $4,600 in
interest income on some bonds they own. They have deductions for
adjusted gross income of $4,000 and itemized deductions of $24,600.
Neither of the children has any income. Determine the tax savings
for the family if Scott and Glenna were to transfer the bonds to
the children, both under 18.
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