Todd and Hillary,husband and Wife,file Separate Returns

question 88

Multiple Choice

Todd and Hillary,husband and wife,file separate returns.Todd and Hillary live in a community property state that considers separate property income to be community income.Todd's salary is $82,000 and Hillary's salary is $80,000.Hillary receives dividend income of $7,000 from stock inherited from her parents.Todd receives interest income of $5,000 from bonds purchased with his salary after marriage.Todd and Hillary receive $10,000 dividend income from stock they purchased jointly.Todd's income would be

• A)$92,000.
• B)$93,000.
• C)$94,500.
• D)$97,000.

---

Definitions:

Vacation

A period of time spent away from work or regular activities, usually for rest, recreation, or travel, to recharge and reduce stress.

ADEA Claim

A legal claim filed under the Age Discrimination in Employment Act, alleging discrimination based on an individual's age.

Downsizing

A reduction in a company's workforce to improve its financial performance or adapt to market conditions.

EEOC

The Equal Employment Opportunity Commission (EEOC) is a federal agency that administers and enforces civil rights laws against workplace discrimination in the United States.