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Q2. Henry and Sharon were divorced in the current year. Under the terms of the divorce, Han will pay Sharon $30,000 a year until their
Q2. Henry and Sharon were divorced in the current year. Under the terms of the divorce, Han will pay Sharon $30,000 a year until their child, Samantha, reaches the age of 18. At that poir the payments will be reduced to S and Hank paid her an additional $3,000 during the year. Discuss the tax consequences of this situation meaning how much is considered: (Look at example 33 in the book) The alimony The child support a. b
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