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Jack and Jill are married. This year Jack earned $78,500 and Jill earned $86,500 and they received $5,300 of interest income from a joint savings
Jack and Jill are married. This year Jack earned $78,500 and Jill earned $86,500 and they received $5,300 of interest income from a joint savings account. How much gross income would Jack report if he files married filing separately from Jill?
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$78,500 if they reside in a common-law state.
$83,800 if they reside in a community property state.
$91,800 if they reside in a common-law state.
$85,150 if they reside in a community property state.
All of these choices are correct.
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