Frank and Marcy, husband and wife, file separate returns. Frank and Marcy live in San Francisco, California. Frank's salary is $42,000 and Marcy's salary is $46,000. Marcy receives dividend income of $4,000 from stock inherited from her parents. Frank receives interest income of $1,000 from bonds purchased with his salary after marriage. Frank receives interest income of $2,000 from a bond that was a birthday gift to him from his mother. Frank and Marcy receive $3,200 dividend income from stock they purchased jointly. Marcy's income on her return would be $49,600. $51,100. $50,100. $49,100.