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Ivan Trent,age five,receive $2,900 of dividends per year from a mutual fund he owns; it is his only source of taxable income.Ivan's parents plan to gift a corporate bond they currently own to him.The bond pays $4,100 of interest income per year.Ivan's parents are in the 37% tax bracket.The individual income tax rate schedule that generally applies to a single taxpayer indicates a 10% tax rate until taxable income of $9,700.Ivan's family will save tax at the rate of 27% (37% - 10% tax rates)on the bond interest income if the parents transfer the bond to Ivan.
Civil Rights Legislation
Laws enacted to protect individuals from discrimination and ensure equal opportunity, regardless of race, religion, sex, or nationality.
Discriminating
The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.
Race and Gender
The social categories and divisions based on physical characteristics of race and the biological and social distinctions between male and female.
Employment Discrimination
Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or other protected characteristics.
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