Frasier and Marcella,husband and Wife,file Separate Returns

question 79

Multiple Choice

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)$50,000.
• B)$50,100.
• C)$51,100.
• D)$51,600.

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Definitions:

Dawes Act

A law passed in 1887 that aimed to assimilate Native Americans into US society by allotting individual land parcels to heads of families, stripping away communal tribal land.

Indian Poverty

The state of economic deprivation and lack of access to resources faced by many in India, due to factors such as population density, corruption, and historical inequities.

Tribal Rights

Legal or moral rights recognized for indigenous tribes, including land rights, self-determination, and preservation of culture and language.

Sierra Club

An environmental organization established in the United States to promote conservation of the natural environment.