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Other Fields Homework Help Accounting Topic started by: Augustus1 on Jan 8, 2017



Title: Bill and Hillary, husband and wife, file separate returns. Bill and Hillary live in a community ...
Post by: Augustus1 on Jan 8, 2017
Bill and Hillary, husband and wife, file separate returns. Bill and Hillary live in a community property state that considers separate property income to be community income. Bill's salary is $82,000 and Hillary's salary is $80,000. Hillary receives dividend income of $7,000 from stock inherited from her parents. Bill receives interest income of $5,000 from bonds purchased with his salary after marriage. Bill and Hillary receive $10,000 dividend income from stock they purchased jointly. Bill's income would be
A) $92,000.
B) $93,000.
C) $94,500.
D) $97,000.


Title: Re: Bill and Hillary, husband and wife, file separate returns. Bill and Hillary live in a community ...
Post by: Yoko900 on Jan 8, 2017
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Title: Re: Bill and Hillary, husband and wife, file separate returns. Bill and Hillary live in a community ...
Post by: Augustus1 on Mar 19, 2017
I'm forever indebted to you!

THANKS