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TCO C) During 2016, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he was to pay both alimony and
TCO C) During 2016, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he was to pay both alimony and child support for a specified period of time. In examining his records for 2016, the following information is available.
Salary: $50,000
Interest received on bank deposits: $2,000
Interest received on municipal obligations: $1,000
Alimony paid: $3,600
Child support: $4,800
$44,600 $48,400 $49,400 $52,000
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