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Community Property (LO 2.17) In 2022, Kelly and Kerry live in California and are married and live together but plan to file separately. Their income
Community Property (LO 2.17) In 2022, Kelly and Kerry live in California and are married and live together but plan to file separately. Their income for the year is as follows: Description Kelly Kerry Joint Wages $40,000 $30,000 Investment income from Kellys family inheritance $8,000 Investment income from joint brokerage account $1,600 a. Compute the separate gross income for Kelly and Kerry. Kelly fill in the blank 1 of 2$ Kerry fill in the blank 2 of 2$ b. Assume they live in Texas instead of California. Compute the separate gross income for Kelly and Kerry. Kelly fill in the blank 1 of 2$ Kerry fill in the blank 2 of 2$
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