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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 54 times)

KimWrice

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on: Sep 13, 2020

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
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by KimWrice on Sep 13, 2020

lindahyatt42

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Reply #1 on: Sep 13, 2020
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KimWrice

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
Wow, this really help

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