12. (L03) Paula and Paul are California residents and live in Vacaville. Paula is a member of the U.S. Air Force. Paula's Air Force pay was $57,300. Paul had wages of $46,200. They received interest income of $750 from a bank in Colorado and dividends of $1,200 from a New Jersey corporation. How much of their income is subject to California income tax?

12. (L03) Paula and Paul are California residents and live in Vacaville. Paula is a member of the U.S. Air Force. Paula's Air Force pay was $57,300. Paul had wages of $46,200. They received interest income of $750 from a bank in Colorado and dividends of $1,200 from a New Jersey corporation. How much of their income is subject to California income tax?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 51P

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