Liz and Doug were divorced on December 31 of the current year after 10 years of marriage.
Question:
Doug's salary ................................................................. $41,000
Liz's salary ..................................................................... 55,000
Rent on apartments purchased by Liz 15 years ago ....................... 8,000
Dividends on stock Doug inherited from his mother 4 years ago ....... 1,900
Interest on a savings account in Liz's name funded with her salary .... 2,400
Allocate the income to Liz and Doug assuming that they live in:
a. California.
b. Texas?
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a b California Texas Doug Liz Doug Liz Salary 48000 4...View the full answer
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Related Book For 
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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