Examlex

Solved

Aubrey and Justin File Married Filing Separately

question 20

Essay

Aubrey and Justin file married filing separately. This year, Aubrey earned salary of $130,000, and Justin earned salary of $88,000. Aubrey and Justin live in a community property state. How much income earned will Justin report on his tax return for this year?


Definitions:

Consideration

The worth, including currency, services, or items, that is traded between entities in an agreement.

Contract Void

A contract void is a contract that is deemed legally nonexistent and unenforceable from the outset, due to illegality or other serious defects.

Undue Influence

Undue influence is a legal concept where an individual is able to persuade another's decisions due to the relationship between the two, often leading to an unfair advantage.

Misrepresentation

A false statement of fact made by one party to another, which induces that other party to enter into a contract.

Related Questions