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Compute Zola gross income under two assumptions

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Reference no: EM133042630

Question - Simba and Zola are married but file separate returns. Simba received $73,600 of salary and $26,700 of taxable dividends on stock he purchased in his name and paid from the salary he earned since the marriage. Zola collected $3,500 in taxable interest on a certificate of deposit she inherited from her aunt.

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

Reference no: EM133042630

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