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Chris and Kim are former spouses. Pursuant to a court decree, Chris must pay Stephanie $14,500 per year in support payments. Of this amount,
Chris and Kim are former spouses. Pursuant to a court decree, Chris must pay Stephanie $14,500 per year in support payments. Of this amount, $8,000 is child support and $6,500 is spousal support. For the current tax year, Chris has only paid $7,250 of his required support. How much of the payment is deductible by Chris in determining his taxable income? Choose the correct answer. O A SO OB. $4,500 OC. $6,500 OD. $8,000 Joshua had been unemployed, living in Manitoba. He finds and takes a new job 90 km away from his current residence. He earns $14,000 in wages from his new job in the current year. In the current year, he sells his current residence, paying $2,200 in realtor commissions. He pays a moving company $750 to transport his belongings to a new home in Manitoba that is only 70 km away from his new job. He pays $1,100 in costs to acquire his new home. How much in moving expenses can Joshua deduct to determine his taxable income for the current year? Choose the correct answer. O A SO B. $4,050 OC. $1,100 OD. $750
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