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Author Question: As a result of a divorce, Michael pays Judy $75,000 in year one and $25,000 per year in subsequent ... (Read 66 times)

KimWrice

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Question 1

As a result of a divorce, Matthew pays Jasmine alimony of $75,000 in year one and $25,000 per year in subsequent years. How much is deductible by Matthew in year one?
◦ $25,000
◦ $35,000
◦ $40,000
◦ $75,000

Question 2

As a result of a divorce, Michael pays Judy $75,000 in year one and $25,000 per year in subsequent years. How much of the $75,000 in year one is properly characterized as alimony and will not be recaptured later?
◦ $25,000
◦ $35,000
◦ $40,000
◦ $75,000


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Marked as best answer by KimWrice on Sep 13, 2020

lindahyatt42

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KimWrice

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


alvinum

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Reply 3 on: Yesterday
:D TYSM

 

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