Question
. Jose paid the following amounts for his son to attend Big State University in 2021: Tuition $6,400 Room and board 4,000 Books 772 A
. Jose paid the following amounts for his son to attend Big State University in 2021:
Tuition $6,400
Room and board 4,000
Books 772
A car to use at school 1,932
Student football tickets 237
Spending money 4,775
How much of the above is a qualified higher education expense for purposes of his Section 529 plan?
Arlen is required by his 2021 divorce agreement to pay alimony of $2,000 a month and child support of $2,000 a month to his ex-wife Jane. What is the tax treatment of these two payments for Arlen? What is the tax treatment of these two payments for Jane?
Arlen_____________________________________________________________________________________________________________
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Jane_____________________________________________________________________________________________________________
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
