larry2271 larry2271

30-05-2024
Business

Answered

In December 2022, Matt moved to California on an indefinite job assignment. He rented an apartment in California and continued to live in the apartment. Matt retained his home and bank account in Illinois until April 2023, at which time he sold his home and transferred his bank account to California. During 2023 Matt earned a salary of $50,000 and $1,000 interest from his bank in Illinois. When completing his California state tax return for 2023, Matt will be taxed on what amount of his total income? A. $1,000 B. $25,000 C. $26,000 D. $51,000

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