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:

Multicultural View

An approach or perspective that recognizes, respects, and values diversity in culture, ethnicity, and identity among individuals within a society.

Integration

The process of combining or incorporating parts into a whole, often used in the contexts of social inclusion and the combination of different societal groups.

Assimilation

The process by which a person or group acquires the social and psychological characteristics of another group.

Culture

A set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.