An individual received monthly payments of $500 as spousal support and $1,000 as child support for their 2 children, pursuant to a court order. The individual earned employment income of $25,000 and incurred childcare expenses of $8,000 for the 6 year old and $6,000 for the 8 year old. What net income or (loss) would be included in the "other income and deductions"?

a) ($8,000)

b) $5,000

c) ($6,000)

d) ($7,000)

Answer rating: 100% (QA)

Answer c 6000 A... View the full answer