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.

---

Definitions:

Transaction Processing

The handling, execution, and confirmation of transactions, typically in a database or computerized system.

Cloud Computing

The practice of using a network of remote servers hosted on the Internet to store, manage, and process data.

Intermittent Internet Access

A situation where the availability of internet connection is sporadic or not consistent.