Question

18. Which of the following properties is defined as community property and subject to community property...

18. Which of the following properties is defined as community property and subject to community property law?

A. Property, real or personal, wherever situated, acquired by a married person during the marriage while domiciled in the state of California B. Property received separately as gifts or inheritances C. Property purchased with separate property funds D. Property acquired prior to the marriage

19. Eduardo and Maria are residents of California. For the first six months of the year, Eduardo earned wages of $30,000. Maria did not earn any income. On June 30, Eduardo and Maria physically separated with no intention of reconciliation. During the last six months, Eduardo earned wages of $30,000 and Maria earned wages of $10,000. They have decided to file separate returns. What amount must Eduardo and Maria each report as community income on their individual returns?

A. $10,000 B. $15,000 C. $25,000 D. $40,000

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Answer #1

18. Option A. Property, real or personal, wherever situated, acquired by a married person during the marriage while domiciled in the state of California

Reason: Any property acquired while being married is treated as community property.

19. The community income for first six month when the couple were together is $30,000.

The same will be divided equally among both in their individual returns.

Eduardo and Maria each report $15,000 as community income on their individual returns.

Correct option is B. $15,000.

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