Jack and Jill are married. This year Jack earned $90,500, Jill earned $99,250, and they received $12,200 of interest income from a joint savings account. How much gross income would Jack report if he files married filing separately from Jill?
A) $90,500 if they reside in a common law state.
B) $94,875 if they reside in a community property law state.
C) $111,450 if they reside in a common law state.
D) $100,975 if they reside in a community property law state.
E) None of the choices are correct.
Correct Answer:
Verified
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