Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

31. Rufus must make one payment to his ex-spouse, Debra, for the sum of $7500. This is the only and final payment following the end

image text in transcribed
image text in transcribed
31. Rufus must make one payment to his ex-spouse, Debra, for the sum of $7500. This is the only and final payment following the end of their marriage. Is Debra required to include the $7500 on her tax return? a. Debra must include the amount in her income, because it is a support payment. b. Debra doesn't have to report the amount on her tax return, because it doesn't qualify as a support payment. c. Debra must report the amount on her tax return only if Rufus deducts it from his income. 32. Scott and Marjorie separated on May 29 when Marjorie moved out. Their son, Tommy (age 8, no income), continued to reside only with Scott after the separation. Marjorie's income before the separation was $1500. They filed an agreement in which Scott pays Marjorie spousal of $700 per month, starting in June. Which would your advice be for Scott? a. Claim a spouse or common law partner amount for Marjorie b. Claim the support payment made to Marjorie c. Claim an amount for an eligible dependent for Tommy d. Claim an amount for an eligible dependent for Tommy and the support payments made to Marjorie 34. In 2021, Mathilda went to court to get her child support payments increased. She incurred deductible legal fees of $1200. On what line of her tax return will she claim the amount? a. Line 22100 b. Line 22900 c. Line 23200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Enterprise Information Systems A Pattern Based Approach

Authors: Cheryl Dunn, J. Owen Cherrington, Anita Hollander

3rd Edition

0072404299, 978-0072404296

More Books

Students also viewed these Accounting questions

Question

3. I am able to do things as well as anyone else.

Answered: 1 week ago

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago

Question

Describe the ethical issues involved in conducting HRD evaluation

Answered: 1 week ago