Question: Exercise 4-23 (Algorithmic) (LO. 3) Simba and Zola are married but file separate returns. Simba received $64,000 of salary and $4,300 of taxable dividends on

Exercise 4-23 (Algorithmic) (LO. 3)

Simba and Zola are married but file separate returns. Simba received $64,000 of salary and $4,300 of taxable dividends on stock he purchased in his name and paid from the salary that he earned since the marriage. Zola collected $3,225 in taxable interest on a certificate of deposit she inherited from her aunt.

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

If an amount is zero, enter "$0."

	New Mexico (Community Property State)	South Carolina (Common Law State)
Dividends	$	$
Interest	$	$
Salary	$	$

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