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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?
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.
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