Question

Nigel and Sylvia are married and live in California. On August 31 of 2019, they split up and filed for divorce with no intentions of reconciling. Nigel earned $4,000 each month of 2019 and Sylvia earned $2,000 a month from June through the end of the year. A joint bank account paid them interest of $200 each month. They will file MFS. How much will Sylvia report on her tax return?

a. $7,000

b. $8,200

c. $28,200

d. $32,200

Answer 1

Sylvia will report $28,200 on her tax return.

Option C) $28,200 is the correct Answer

Step-by-step explanation:

Given the data in the question;

Combined Income = ( 4,000 × 8 ) + ( 2000 × 3) = 32,000 + 6,000 = 38,000

Sylvia Separate Income = ( 2000 × 4 ) + ( 200 × 12/2) = 8000 + 1200 = 9,200

Now, the Income that Sylvia will report is;

⇒ (38,000 / 2) + 9200

= 19,000 + 9,200

= 28,200

Therefore Sylvia will report $28,200 on her tax return.

Option C) $28,200 is the correct Answer