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Q1) Smith and Goode were divorced in 2016. Smith, an individual, is required to pay Goode yearly alimony of $6,000 and yearly child support
Q1) Smith and Goode were divorced in 2016. Smith, an individual, is required to pay Goode yearly alimony of $6,000 and yearly child support of $18,000. Smith paid Goode $20,000 in 2023. Smith's 2023 W-2 income was $50,000. Considering only the foregoing facts, what should Smith's adjusted gross income be for 2023?
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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
21st Edition
978-0357109175, 978-1337386173
