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Rick and Lucy were divorced seven years ago. The divorce decree states that Rick must pay Lucy $500 in cash per month and pay the

Rick and Lucy were divorced seven years ago. The divorce decree states that Rick must pay Lucy $500 in cash per month and pay the insurance company $2,000 annually on premiums for insurance on his own life. Lucy owns half that life insurance policy. What amount of these payments can Rick deduct as alimony paid? Question 9Select one: a. $4,000 b. $6,000 c. $8,000 d. $7,000

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