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Under the terms of a divorce agreement, Foster is to pay his wife Dorian $1,000 per month. Under the agreement, of this $1,000 per month,
Under the terms of a divorce agreement, Foster is to pay his wife Dorian $1,000 per month. Under the agreement, of this $1,000 per month, $200 is for child support and $800 is alimony. During the current year, Foster paid $12,000 under the agreement. The couple divorced in 2010. How much of these payments can Foster deduct for AGI (and Dorian must include in gross income)?
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