American_Bankers_Association
CTFA · Question #60
A technique used to reduce taxes in which a taxpayer shifts a portion of income to relatives in lower tax brackets.
The correct answer is A. Income shifting. See the full explanation below for the reasoning.
Taxation
Question
A technique used to reduce taxes in which a taxpayer shifts a portion of income to relatives in lower tax brackets.
Options
- AIncome shifting
- BTax deferred
- CTax avoidance
- DTax Evasion
How the community answered
(57 responses)- A75% (43)
- B4% (2)
- C14% (8)
- D7% (4)
Topics
#income shifting#tax avoidance#tax brackets#tax planning
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