Alimony (LO 2.13) Answer the following questions: If your answer is zero, enter "O". a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $2,925 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $2,047 per month. 1. How much of each $2,925 payment may be deducted as alimony by Joan? 2. How much of each $2,925 payment must be included in Bill's taxable income? 3. How much would be deductible/included if the divorce agreement were dated 2020? 0 b. Under the terms of a property settlement executed during 2020, Jane transferred property worth $876,600 to her ex-husband, Tom. The property has a tax basis to Jane of $701,280. 1. How much taxable gain must be recognized by Jane at the time of the transfer? 2. What is the amount of Tom's tax basis in the property he received from Jane