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What should Rachel report as income

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Reference no: EM132705515

Problem - Tom and Rachel are married and living together in California. Their income is as follows:

Tom's salary $40,000

Rachel's salary 30,000

Dividends (Tom's property) 5,000

Dividends (Rachel's property) 3,000

Interest (community property) 4,000

Total $82,000

Required -

a. If Rachel files a separate tax return, how much she should report income?

b. If Tom and Rachel lived in Texas, what should Rachel report as income?

Reference no: EM132705515

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