Question
Under the terms of a divorce agreement, Kim was to pay her husband Tom $4,000 per month in alimony and $1,500 per month in child
Under the terms of a divorce agreement, Kim was to pay her husband Tom $4,000 per month in alimony and $1,500 per month in child support. For a 12-month period, Kim can deduct _____ from gross income (and Tom must include in gross income)
$0
$18,000
$48,000
$66,000
None of the above
Please state and justify our response.
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Trap Doors And Trojan Horses An Auditing Action Adventure
Authors: D. Larry Crumbley, David Kerr, Veronica Paz, Lawrence Smith
1st Edition
1531021573, 978-1531021573
