a. Under the terms of a divorce agreement as of April 1, 2018, Lanny was...
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Accounting
a. Under the terms of a divorce agreement as of April 1, 2018, Lanny was to pay his wife Joyce $2,500 per month in alimony and $500 per month in child support. For 2021, Lanny can deduct from gross income (and Joyce must include in gross income):
| $0 | ||
| $36,000 | ||
| $22,500 | ||
| $30,000 |
b.
Tab and Sharon are married and under 65 years of age. During 2021, they furnish more than half of the support of Carla. Carlas gross income is $1,500. Carla is Tab's former mother-in-law and lives in another state. How many dependents should Tab and Sharon claim for purposes of the dependent credit?
| One | ||
| Two | ||
| Three | ||
| None |
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