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Under a 2014 divorce decree, Diana receives $16,000 from her former husband each year for alimony and child support as part of their divorce agreement.
Under a 2014 divorce decree, Diana receives $16,000 from her former husband each year for alimony and child support as part of their divorce agreement. Her payments will be reduced by $9,000 once her son reaches age 18. What amount of the payment is considered alimony and would be taxable as gross income to Diana each year?
Group of answer choices
$16,000
$0
$0 until her son reaches age 18, then $7,000 thereafter
$7,000
$9,000
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