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Exercise 4-22 (Algorithmic) (LO. 3) Simba and Zola are married but file separate returns. Simba received $54,400 of salary and $22,500 of taxable dividends on
Exercise 4-22 (Algorithmic) (LO. 3) Simba and Zola are married but file separate returns. Simba received $54,400 of salary and $22,500 of taxable dividends on stock he purchased in his name and paid from the salary he earned since the marriage. Zola collected $600 in taxable interest on a certificate of deposit she inherited from her aunt. Compute Zola's gross income under two assumptions as to the state of residency of the couple. If an amount is zero, enter "$0". Idaho South Carolina (Community Property State) (Common Law State) Dividends $ Interest Salary
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