Q1,2,3!! Show Works

b Mark and Mary have been married for 12 years and have one child, Masson. They are divorcing on January 1, 2022 (assume this will be the date of the divorce/separation agreement). As part of the agreement, Mary will pay Mark 52.000 month alimomy untill Mark finishes college and g aduste school and can secure full-time employment (approc. 6 years). Mary paid Mark alimony payments totaling $24,000 in 2022 What amount of the alimoriy payments does Mark include in gross income in 2022 ? What amount of the alimony payments can Mary deduct in 20227 Assume instead that the diworce agreement was firalited in 2018 instead of 2022 . What amount of the 524,000 alimony received in 2022 will Mark include in gross income? What amount can Mary deduct in 2022? As part of the agreement, in 2022, Mary will also transter to Mark shares of stock (fair market. value = $144,000. Mary's adjusted basis = $10.000. What is Mark's gross income froen receipt of the stock in 2022? What is Mark's basis in the stoek? When will Mark recognize incorme trom the stock? As part of the divoree agreement, Mary witl also pay Mark $1,500 per month ($18,000 year) until Mason turns 18. What amount of the payment must Mark include in gross income? 2 In January 2022, Matilda won a car in a rathe at her daughter's school. The FMV of the car was \$35,000. Matilda drove the car for 9 months. In October 2022. when the car was worth $32,000, Matilda gave the car to her friend, Maurice. What amount of gross income does Matilda recognize in 2022 ? What amount of gross income does Maurice recognize in 2022? 3. In 2022, Maria and Marcus (married filing jointlyl, had an AGl of 535,000 (prior to including amy 50cial5ecurity benchts), no tax-exempt income, and 50cia Security benefits of 512,000 . What amount of the Social Security benefts are included in gross income in 2022 ? What it in 2022. Marla and Marcus, had an AGl of 513000 (prior to including ary Social Security benefits). no tax-exempt income, and Social Security benetits of 512 , 000. What aenount of the Social Security benehts are included in gross income in 2022