Frasier and Marcella, husband and wife, file separate returns. Frasier and Marcella live in a community property state that considers separate property income to be separate. Frasier's salary is $42,000 and Marcella's salary is $46,000. Marcella receives dividend income of $4,000 from stock inherited from her parents. Frasier receives interest income of $1,000 from bonds purchased with his salary after marriage. Frasier and Marcella receive $3,200 dividend income from stock they purchased jointly. Marcella's income would be
A. $50,100.
B. $51,100.
C. $50,000.
D. $51,600.
Answer: A
You might also like to view...
When a consent order issued by the Federal Trade Commission is signed, the company has agreed to a corrective advertising program
Indicate whether the statement is true or false
The chairman of the Federal Reserve Board, under whose leadership the inflation rate reduced from about 10 percent to about 4 percent in the 1980s was
A. Arthur Burns. B. G. William Miller. C. Paul Volcker. D. Alan Greenspan.
________ branding consists of activities and processes that help inform and inspire employees about brands
A) Internal B) Personal C) Individual D) External E) Co-
Adya loaned $300 from Olga to buy a phone. He gave Olga the authority to sell his music system if he failed to pay her back $300. He failed to pay back the loan as promised. Under these circumstances, ________.
A. if Adya dies and the debt remains unpaid, there is termination of the agency B. a dual agency exists C. Adya can revoke Olga's power if the phone is damaged D. Adya cannot revoke Olga's power to sell the music system