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Personal taxation Laksmi pays $1,000 a month to a former spouse, $700 of which is to support their child, as per a court ordered agreement
Personal taxation
Laksmi pays $1,000 a month to a former spouse, $700 of which is to support their child, as per a court ordered agreement and on a regular, periodic basis. Which of the following applies to Laksmil for tax purposes?
Multiple Choice A) Laksmi can deduct the full payments. B) Laksmi can deduct the payments in support of the child. C) Laksmi cannot deduct any of the payments. D)Laksmi can deduct the payments in support of the former spouse.
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