John and Mary were divorced in 2017, when their child was 8 years old. The divorce decree
Fantastic news! We've Found the answer you've been seeking!
Question:
John and Mary were divorced in 2017, when their child was 8 years old. The divorce decree provides that John pay $10,000 per year, to be reduced by 30% on their child's 18th birthday. During 2021, John pays $4,000. How much income will Mary report?
Related Book For
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
Posted Date: