Old MathJax webview

(2 Marks) Bob and Betty were divorced five years ago. Their divorce agreement calls for Betty to pay monthly child and spousal support to Bob. During 2017, Betty pays the full amount of the monthly child and spousal support for the first ten months. However, due to financial difficulties no further payments were made for the remainder of the year. The divorce agreement details are below: $538 Monthly Child Support required under the divorce agreement Monthly Spousal Support required under the divorce agreement $703 #4) (2 Marks) Bob and Betty were divorced five years ago. Their divorce agreement calls for Betty to pay monthly child and spousal support to Bob. During 2017, Betty pays the full amount of the monthly child and spousal support for the first ten months. However, due to financial difficulties no further payments were made for the remainder of the year. The divorce agreement details are below: Monthly Child Support required under the divorce agreement Monthly Spousal Support required under the divorce agreement $538 $703 REQUIRED: What is the amount that will be included in Bob's Net Income For Tax Purposes for 2017? Show all calculations