Question
Q1- Which state has the highest amount of Alimony in terms of dollar and period? Q2- Which state has the lowest amount of Alimony in
Q1- Which state has the highest amount of Alimony in terms of dollar and period?
Q2- Which state has the lowest amount of Alimony in terms of dollar and period? Problem - Jhon is divorced in Texas and as part of his settlement, he is receiving $20K per month as spousal support and community assets settlement agreement. Texas low allows spousal support of $5.000 or 20% of his wife annual salary of $200,000 for a maximum of 5 years, whichever is lower.
Q3- How much John's monthly receipt is alimony and how the alimony is treated for tax purpose by both party? per divorce agreement, John keeps 50% of the ownership of the business they owned before the divorce, but no control over how to manage and operate the business.
Q4 - How is the payment to john treated during the first five and after five years?
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