Fred and Wilma got divorced in 2017. In the divorce decree Fred agreed to pay...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Fred and Wilma got divorced in 2017. In the divorce decree Fred agreed to pay Wilma $12,000 alimony per year for seven years (or until Wilma's death or remarriage) and $5,000 of child support per year until their son, Bam Bam, turns 18 years old. Barney and Betty got divorced in 2021. In the divorce decree Betty agreed to pay Barney $24,000 of alimony per year for five years (or until Barney's death or remarriage) and $10,000 in child support per year until their daughter, Pebbles, turns 19 years old. What amount (if any) is included in Wilma's gross income in 2021? O $5,000 $0 O $17.000 $34,000 $10.000 O $12,000 $39,000 $14,000 Fred and Wilma got divorced in 2017. In the divorce decree Fred agreed to pay Wilma $12,000 alimony per year for seven years (or until Wilma's death or remarriage) and $5,000 of child support per year until their son, Bam Bam, turns 18 years old. Barney and Betty got divorced in 2021. In the divorce decree Betty agreed to pay Barney $24,000 of alimony per year for five years (or until Barney's death or remarriage) and $10,000 in child support per year until their daughter, Pebbles, turns 19 years old. What amount (if any) is included in Barney's gross income in 2021? O $24,000 O $39,000 OSO $34.000 $10,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
