During 2016, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he

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Question:

During 2016, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he was to pay both alimony and child support for a specified period of time. In examining his records for 2016, the following information is available.

Salary: $50,000

Interest received on bank deposits: $2,000

Interest received on municipal obligations: $1,000

Alimony paid: $3,600

Child support: $4,800

a $4,800

b $44,600

c $48,400

d $49,400

e $52,000