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George and Wanda file married joint and receive $33,600 of dividend income from stocks owned by George. What is the total dividend income received by George and Wanda?

1) $16,800
2) $33,600
3) $67,200
4) $100,800

User Gloire
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1 Answer

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Final answer:

George and Wanda's total dividend income when filing jointly is $33,600, which is the combined amount regardless of individual ownership.

Step-by-step explanation:

The total dividend income received by George and Wanda is $33,600. When filing a married joint tax return, the income from dividends is reported as the combined total regardless of which individual owns the stocks. Thus, since it is stated that they receive $33,600 from dividends, that is the total for both of them together.

The total dividend income received by George and Wanda can be calculated by adding George's dividend income of $33,600 to Wanda's dividend income, which is not provided in the question. Therefore, we cannot determine the exact total dividend income received by George and Wanda based on the given information.

George and Wanda, filing jointly, receive $33,600 in dividend income from stocks owned by George. In the context of joint tax filing, both spouses' incomes are consolidated.

Thus, the total dividend income for George and Wanda remains at $33,600. Joint filing allows couples to combine their incomes, potentially resulting in more favorable tax rates and deductions. In this scenario, the $33,600 represents the entirety of their combined dividend income.

Therefore, the correct answer is 2) $33,600, reflecting the total dividend income received by George and Wanda while filing jointly on their taxes.

User Nycolas Silvestre
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