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Please respond which statement about child support is not correct? A. It is not deductible by the payer spouse B. It need not be designated

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  1. which statement about child support is not correct?

A. It is not deductible by the payer spouse

B. It need not be designated as such in the divorce decree if payments are contingent on an event related to the child, such as reaching the age of majority.

C. It is not income to the recipient spouse

D. There are dollar limits on amount paid as child support.

  1. Which of the following is not deductible?

A. A late payment charge on a mortgage

B. Prepaid interest

C. Prepayment penalty

D. Mortgage assistance payments

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