Question
John and Mary were divorced in 2017, when their child was 8 years old. The divorce decree provides that John pay $10,000 per year, to
John and Mary were divorced in 2017, when their child was 8 years old. The divorce decree provides that John pay $10,000 per year, to be reduced by 30% on their child's 18th birthday. During 2021, John pays $4,000. How much income will Mary report?
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South Western Federal Taxation 2023 Comprehensive Volume
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
46th Edition
0357719689, 9780357719688
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