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Derek and Meredith are married. Derek earns $157,770 and Meredith earns $111,066. They also have a joint savings account that earned $1,579. Derek also owns

Derek and Meredith are married. Derek earns $157,770 and Meredith earns $111,066. They also have a joint savings account that earned $1,579. Derek also owns a municipal bond that earned $3,395. If Derek and Meredith reside in a community property state and file married separate tax returns, how much gross income will Derek report? Selected Answer: 161,954.5 Correct Answer: 135,208 1

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