Tom and Rachel are married and living together in California. Their income is as follows: Tom's salary $40,000 Rachel's salary 30,000 Dividends (Tom's property) 5,000 Dividends (Rachel's property) 3,000 Interest (community property) 4,000 Total $82,000 If Rachel files a separate tax return, she should report income of: $ ……………………… If Tom and Rachel lived in Texas, what should Rachel report as income?
Tom and Rachel are married and living together in California. Their income is as follows: Tom's salary $40,000 Rachel's salary 30,000 Dividends (Tom's property) 5,000 Dividends (Rachel's property) 3,000 Interest (community property) 4,000 Total $82,000 If Rachel files a separate tax return, she should report income of: $ ……………………… If Tom and Rachel lived in Texas, what should Rachel report as income?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 34MCQ: Dana and Larry are married and live in Texas. Dana earns a salary of $45,000 and Larry has $25,000...
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Tom and Rachel are married and living together in California. Their income is as follows:
| Tom's salary | $40,000 |
| Rachel's salary | 30,000 |
| Dividends (Tom's property) | 5,000 |
| Dividends (Rachel's property) | 3,000 |
| Interest (community property) | 4,000 |
| Total | $82,000 |
- If Rachel files a separate tax return, she should report income of:
$ ………………………
- If Tom and Rachel lived in Texas, what should Rachel report as income?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT