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Liz and Doug were divorced on July 1 of the current year after 10 years of marriage. Their current year's income received before the divorce
Liz and Doug were divorced on July 1 of the current year after 10 years of marriage. Their current year's income received before the divorce included:
Doug's salary | $41,000 |
Liz's salary | 55,000 |
Rent on apartments purchased by Liz 15 years ago | 8,000 |
Dividends on stock Doug inherited from his mother 4 years ago | 1,900 |
Interest on a savings account in Liz's name funded with her salary | 2,400 |
Allocate the income to Liz and Doug assuming that they live in:
a. California
b. Texas
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