Problem $2-37$

Community Property $($LO $2\mathrm{.}17)$

In $2023,$ Kelly and Kerry live in California and are married and live together but plan to file separately. Their income for the year is as follows:

$\backslash$table$[[,$Kelly,Kerry,Joint$],[$Wages$,$$$40,000,$$$30,000,],[$Investment income from Kelly's family inheritance,,,$$8,000$