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Scott and Mary Jane are residents of California. Scott earned $15,000 in wages. Mary Jane earned $30,000. In addition to wages, Scott has stock that
Scott and Mary Jane are residents of California. Scott earned $15,000 in wages. Mary Jane earned $30,000. In addition to wages, Scott has stock that he inherited. The stock is in Scotts name only, and he keeps the stock and the dividend income separate from community funds. Scott received $5,000 in dividends. He has decided to file separate returns. What is Scotts total income he will report on his tax return? A. $15,000 B. $20,000 C. $22,500 D. $27,500
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