Liz and Doug were divorced on July 1 of the current year after 10 years of marriage. Their current year’s income received before the divorce was as follows:
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 savings account in Liz’s name funded with her salary |
2,400 |
Allocate the income to Liz and Doug assuming that they live in:
a. California.
b. Texas.