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eBook Self-Study Problem 2.17 Tom and Rachel are married and living together in California. Their income is as follows: Tom's salary i $40,000 Rachel's
eBook Self-Study Problem 2.17 Tom and Rachel are married and living together in California. Their income is as follows: Tom's salary i $40,000 Rachel's salary 30,000 Dividends (Tom's property) 5,000 Dividends (Rachel's property) 3,000 Interest (community property) 4,000 Total $82,000 a. If Rachel files a separate tax return, she should report income of: x b. If Tom and Rachel lived in Texas, what should Rachel report as income? x Feedback Check My Work When married couples file separate income tax returns, a special problem arises. Income derived from property held by an law becomes important in making this allocation, either jointly or separately, as well as wages and other income earned by a husband and wife, must be allocated between th Check My Work
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