Bob Blumingdale Has a Dependent Son, Age 18, Who Is

question 21

Essay

Bob Blumingdale has a dependent son, age 18, who is a computer whiz. He is earning over $25,000 a year writing software programs for Hewlett Packard, even though he is a freshman in college. Bob has just learned about kiddie tax and wants to engage you for tax planning. How do you advise him?

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Definitions:

Coronary Heart Disease

A condition characterized by reduced blood flow to the heart muscle due to the building up of plaque in the coronary arteries, leading to angina and possibly heart attacks.

Caffeine

A stimulant found in coffee, tea, and various other plant-based substances that can enhance alertness and energy levels.

Caloric Intake

The total number of calories consumed through eating and drinking, essential for determining dietary needs and maintaining energy balance.

Stimulant Consumption

The intake of substances that increase activity in the central nervous system, leading to increased alertness, attention, and energy.