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7. Alimony and Child Support. (Obj. 1) Under the terms of their divorce finalized in 2017, Henry is to pay Winona $1,000 a month. The
7. Alimony and Child Support. (Obj. 1) Under the terms of their divorce finalized in 2017, Henry is to pay Winona $1,000 a month. The terms of the agreement specify that $550 of each payment is to be for child support. a. If Henry makes all of his required payments during the current year, how much must Winona include in gross income? What amount can Henry deduct? b. How, if at all, would your answer to Part a. change if the agreement were silent as to how much of each payment constituted child support? c. How, if at all, would your answer to Part a. change if Henry only makes 8 of the 12 required payments during the year
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