Cindy and Paul are married and live together in Arizona. During the year, Paul receives a salary of $45,000 and $4,000 of dividends from stock that is his separate property. Cindy receives a salary of $27,000. Cindy and Paul receive $1,500 in interest income from a savings account that was established with community funds.
a. If Cindy and Paul file separate income tax returns, what amount of income must each report? Cindy $ ______________
Paul $ ______________
b. If Cindy and Paul lived in Louisiana instead of Arizona, what amount of income would each report on separate income tax returns?
Cindy $ ______________
Paul $ ______________