14. All of the following are requirements for a payment to be classified as alimony (under instruments executed after 1984, but before 2019) except that ..

A Payments can be made in cash or property

B Payments cannot represent a transfer of services C.Payments are required to be pursuant to a divorce or separation agreement

D. Payments are not required after death of the recipient spouse (or former spouse)

E.None of the above

15. Tax payer successfully litigated several lawsuits during 2022, receiving amounts as listed below. Breach of contract damage award Compensation award (defamation) for lost wages Punitive damages (physical injury) Compensation award for physical injury Workers' compensation (sickness) Unemployment compensation What total Income amount will Taxpayer exclude on his/her 2022 Form 1040?

A. $7,000

B. 3000

C. 7509

D. 3500

E. None of the above

16. In return for a $5,000 payment, Creditor cancels Taxpayer's debt of $8,000. The cancellation is not a gift and Taxpayer is neither insolvent nor bankrupt. Which of the following statements is correct?

A Creditor has $8,000 taxable income.

B Taxpayer has $3,000 of taxable income.

C Taxpayer has $5,000 of taxable income.

D Neither Creditor, nor Taxpayer has any taxable income from this transaction.

E None of the above (all of the statements are false). 17. Taxpayer, an individual with an undergraduate accounting degree from VCU, has a personal interest in American history. Taxpayer enters an essay contest and wins a scholarship from a local historical society. The scholarship entitles Taxpayer to attend one semester at State University, which is located 400 miles from Taxpayer's residence. The scholarship covers room, meals, books, and even travel expense to and from the university. Taxpayer takes a leave of absence from his job to attend the university, but returns to work at the end of the semester. What scholarship value may Taxpayer exclude on his Form 1040 for the year?

A. Tuition only

B. Tuition and books only

C. Tuition, books, and room only

D. Tuition, books, room, and meals

E. Some other answer