Jim and Nora,residents of a Community Property State,were Married in Early

question 99

Multiple Choice

Jim and Nora,residents of a community property state,were married in early 2014.Late in 2014 they separated,and in 2015 they were divorced.Each earned a salary,and they received income from community owned investments in all relevant years.They filed separate returns in 2014 and 2015.

• A)In 2015,Nora must report only her salary and one-half of the income from community property on her separate return.
• B)In 2015,Nora must report on her separate return one-half of the Jim and Nora salary and one-half of the community property income.
• C)In 2015 Nora must report on her separate return one-half of the Jim and Nora salary for the period they were married as well as one-half of the community property income and her income earned after the divorce.
• D)In 2015,Nora must report only her salary on her separate return.
• E)None of these.

---

Definitions:

Contingent Rewards

A form of motivation where rewards are given based on the achievement of specific targets or performance criteria.

Transactional Leadership

A leadership style that focuses on the exchange between leaders and followers, where leaders offer rewards or punishment based on performance.

Achievement of Goals

The successful accomplishment or completion of set objectives or targets, often leading to a sense of satisfaction and progress.

Open and Honest Communications

Transparent and straightforward interactions that foster trust and clarity in relationships or organizations.