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Bob and alice marshall were divorced on March 1, 2015. The following transactions are the terms of the decree: (a) Alice will transfer title of

Bob and alice marshall were divorced on March 1, 2015. The following transactions are the terms of the decree: (a) Alice will transfer title of the family to Bob. The house has a fair market value of $80,000. (b) Both children will live with Alice. (c) Bob will give Alice $2,000 per month for alimony. Also, he will give Alice $600 per month for child support. Determine how the above transactions affect Bob and Alice's tax liabilities

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