With respect to spousal and child support, which of the following statements is NOT correct? a. Any

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With respect to spousal and child support, which of the following statements is NOT correct?

a. Any amounts that are not specifically identified in the agreement as spousal support will be considered child support.

b. Deductible support payments reduce the taxpayer’s Earned Income for RRSP purposes.

c. The recipient of child support payments will not be able to claim the tax credit for an eligible dependent.

d. An amount qualifies as a support payment only if it is payable or receivable on a periodic basis.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Aug 09, 2021 03:25 PM

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With respect to spousal and child support, which of the following statements is NOT correct? a. Any

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Child support payments are neither detectable by the pair not taxable income to the recipient The pa... View the full answer

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