Part III- Determine the income that should be included in each situation: 30 points 1) Frank and Marion, husband and wife, file separate returns. Frank and Marion live in a common law state. Frank's salary is $42,000 and Marion's salary is $46,000. Marion 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 and Marion receive $3,200 dividend income from stock they purchased jointly. Required: Calculate what Marion's income to be included would be 2) Tom and Heidi, husband and wife, file separate returns Tom and Heidi live in a common law state. Tom's salary is $82,000 and Heidi's salary is $80,000. Heidi receives dividend income of $7,000 from stock inherited from her parents. Tom receives interest income of $5,000 from bonds purchased with his salary after marriage. Tom and Heidi receive $12,000 dividend income from stock they purchased jointly Required: - Calculate what Tom's income to be included would be 3) Ms. Marple's books and records for 2021 reflect the following information: $65,000 Salary earned this year Interest on savings account (credited to her account bin 2021, withdrawn in 2022) Interest on county bond earned and collected in 2021 1,000 2,000 Required: Calculate what Ms. Marple's income to be included would be Part III- Determine the income that should be included in each situation: 30 points 1) Frank and Marion, husband and wife, file separate returns. Frank and Marion live in a common law state. Frank's salary is $42,000 and Marion's salary is $46,000. Marion 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 and Marion receive $3,200 dividend income from stock they purchased jointly. Required: Calculate what Marion's income to be included would be 2) Tom and Heidi, husband and wife, file separate returns Tom and Heidi live in a common law state. Tom's salary is $82,000 and Heidi's salary is $80,000. Heidi receives dividend income of $7,000 from stock inherited from her parents. Tom receives interest income of $5,000 from bonds purchased with his salary after marriage. Tom and Heidi receive $12,000 dividend income from stock they purchased jointly Required: - Calculate what Tom's income to be included would be 3) Ms. Marple's books and records for 2021 reflect the following information: $65,000 Salary earned this year Interest on savings account (credited to her account bin 2021, withdrawn in 2022) Interest on county bond earned and collected in 2021 1,000 2,000 Required: Calculate what Ms. Marple's income to be included would be
