25 May Question 1. Liz and Doug were divorced on December 31, 2013
Question
1. Liz and Doug were divorced on December 31, 2013 after 10 years of marriage. Their current year’s income received before the divorce was as follows (two points):
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 saving account in liz’s name funded
with her salary 2,400
Allocate the income to Liz and Doug assuming they live in:
a.) California
b.) Texas
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