Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello Doing my income tax homework and I am filling out the 1040a and one part that is bugging me is alimony. I am trying
Hello
Doing my income tax homework and I am filling out the 1040a and one part that is bugging me is alimony.
I am trying to get my AGI and the following info regarding alimony is this:
John pays his ex-wife, Sarah McLoughlin, $4,000 per month. When their 12-year-old child (in the wife's custody) reaches 18, the payments are reduced to $2,750 per month. His ex-wife's Social Security number is 554-44-5555.
My total income is $207575. How much would I deduct from alimony from total income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started