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Can I Add My 3yo Kid to My Payroll for the Tax Benefits?

The Ramsey Show Highlights

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Introduction

Chris is in Charlotte, North Carolina. He and his wife recently started a side business dog sitting. Chris' accountant suggested they put their two children on payroll to benefit from the power of compounding interest. Rachel Cruz: You can't make a case that a three-year-old is actually working. This is the Ramsey Call of the Day part of the Ramsey Network.

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