Exercise 4-22 (Algorithmic) (LO. 3)

Simba and Zola are married but file separate returns. Simba received $30,400 of salary and $18,300 of taxable dividends on stock he purchased in his name and paid from the salary that he earned since the marriage. Zola collected $13,725 in taxable interest on a certificate of deposit she inherited from her aunt.

Compute Zolas gross income under two assumptions as to the state of residency of the couple.

If an amount is zero, enter "$0."

	New Mexico (Community Property State)	South Carolina (Common Law State)
Dividends	$	$
Interest	$	$
Salary	$