Compute Zola gross income

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Problem - Simba and Zola are married but file separate returns. Simba received $80,000 of salary and $1,200 of taxable dividends on stock he purchased in his name and paid from the salary he earned since the marriage. Zola collected $900 in taxable interest on a certificate of deposit she inherited from her aunt.

Required -

1. Compute Zola's gross income under two assumptions as to the state of residency of the couple. If an amount is zero, enter "$0."

2. Compute Zola's gross income under two assumptions as to the state of residency of the couple.

Reference no: EM132628188

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