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(Solved) (Latest ver. Aug 2020) - Married Filing Separately: compute Marcella's income only

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Frasier and Marcella, husband and wife, file separate returns. Frasier and Marcella live in a community property state that considers separate property income to be separate. Frasier's salary is $32,000 and Marcella's salary is $35,000. Marcella receives dividend income of $4,000 from stock inherited from her parents. Frasier receives interest income of $5,000 from bonds purchased with his salary after marriage. Frasier and Marcella receive $10,000 dividend income from stock they purchased jointly. Marcella's income would be

a. $45,000.

b. $44,000.

c. $42,500.

d. $41,500.


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