1.

The taxpayers lived apart during 2014 and did not file a joint tax return for the year. Under the terms of the written separation agreement they signed on July 1, 2013, Mary was required to pay George $1,500 per month of which $600 was designated as child support. All payments were made. How much of these payments will be in Georges gross income for 2014?

Do not use dollar sign or commas in your answer.

2.

Starting in 2014, Mr. West must pay his former spouse $20,000 annually until she dies. This amount will be reduced bu $8,000 if their son attains the age of 18 or leaves the school prior to age 18.

There is a written divorce decree. They did not file a joint return and were not members of the same household. The full amount was paid. What is the amount of Mr. Wests 2014 alimony deductions?

3. Mary, age 67 and Bob, age 65, paid $250,000 for a joint and survivorship annuity that will pay $15,000 per year as long as one of them is alive. The multiple that will be used in determining the expected return under the contract is _______.

4. During 2015, Anne received tangible personal property as a safety achievement award from her employer. The award was not a qualified plan award. The property had a fair market value of $700. How much must Anne include in her 2015 gross income?