Todd and Hillary,husband and Wife,file Separate Returns

question 88

Multiple Choice

Todd and Hillary,husband and wife,file separate returns.Todd and Hillary live in a community property state that considers separate property income to be community income.Todd's salary is $82,000 and Hillary's salary is $80,000.Hillary receives dividend income of $7,000 from stock inherited from her parents.Todd receives interest income of $5,000 from bonds purchased with his salary after marriage.Todd and Hillary receive $10,000 dividend income from stock they purchased jointly.Todd's income would be

• A)$92,000.
• B)$93,000.
• C)$94,500.
• D)$97,000.

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Definitions:

Return Receipt Requested

A postal service feature that provides the sender with proof of delivery, typically through a mailed acknowledgment.

Complex Messages

Messages that involve multiple layers of meaning or require careful interpretation due to their intricate content.

Courtesy Copy

An extra copy of a document or email sent to individuals who are not the primary recipients but may need to be informed of the content.

Organizational Hierarchy

The arranged structure of authority and responsibility within an organization, often depicted in a chart or diagram form.