Simba and Zola are married but file separate returns. Simba received $68,800 of salary and $5,700 of
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Simba and Zola are married but file separate returns. Simba received $68,800 of salary and $5,700 of taxable dividends on stock he purchased in his name with the salary he earned since the marriage. Zola collected $300 in taxable interest on a certificate of deposit she inherited from her aunt.
Compute Zola's gross income under two assumptions as to the state of residency of the couple.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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