Multiple Choice
Which of the following is not a true statement regarding community property law?
A) For a married couple living in California, income derived from separate property is taxable to the owner of the property.
B) For a married couple living in Texas, income derived from separate property produces community income.
C) In all community property states, the salary of married spouses is allocated one-half to each spouse.
D) Colorado, Ohio, and Florida are community property states.
E) Property acquired before marriage in a community property state continues to be separate property.
Correct Answer:

Verified
Correct Answer:
Verified
Q136: Toni and Beyonze are married and file
Q137: For divorces after 1984 but before 2019,
Q138: Craig, a single taxpayer, received the following
Q139: Robert works for American Motors. American Motors
Q140: Interest on US Treasury Bonds is not
Q141: During the current year, Margaret and John
Q142: When calculating the exclusion ratio for an
Q143: Jennie receives $12,000 (of which $2,000 is
Q144: Indicate which of the following statements is
Q146: Which of the following is not taxable