Tom and Heidi,husband and Wife,file Separate Returns

question 113

Multiple Choice

Tom and Heidi,husband and wife,file separate returns.Tom and Heidi live in a common law state.Tom's salary is $82,000 and Heidi's salary is $80,000.Heidi receives dividend income of $7,000 from stock inherited from her parents.Tom receives interest income of $5,000 from bonds purchased with his salary after marriage.Tom and Heidi receive $12,000 dividend income from stock they purchased jointly.Tom's income would be

• A)$92,000.
• B)$93,000.
• C)$94,000.
• D)$96,500.

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Definitions:

First-Born

The eldest child in a family, often subject to specific psychological and social dynamics and expectations.

Only Child

An individual who has no siblings, and as a result, may have unique developmental and social experiences compared to those with siblings.

Youngest Child

Describes the last-born child in a family, who may experience different parenting styles and family dynamics compared to their older siblings.

Second-Born

Refers to the child who is born second in the sibling order within a family, often facing different developmental challenges and family dynamics compared to first-born or later-born siblings.