Irma and Darrell were divorced on November 1 of the current year after 22 years of marriage. Their current year's income received before the divorce was as follows:

Darrell's salary	$78,000
Irma's salary	$90,000
Rent on rental units purchased by Darrell 25 years ago	$110,000
Dividends on stock Irma inherited from her grandfather 10 years ago	$700
Interest on a savings account in Irma's name funded with her salary	$320

Allocate the income to Irma and Darrell assuming that they live in:

a. Washington

b. Wisconsin

Answer rating: 100% (QA)

a Allocation of income to Irma and Darrell should be done in the following manner if they live in W... View the full answer