Under the terms of a divorce agreement entered into in 2018, Kim was to pay her...
Under the terms of a divorce agreement entered into in 2018, Kim was to pay her husband Tom $7,000 per month in alimony. Kim's payments will be reduced to $3,000 per month when their 9 year-old son becomes 21. The husband has custody of their son. For a 12 month period, Kim can deduct from gross income (and Tom must include in gross income): $
Homework Answers
Amt = 3000 * 12 = 36000
The amt paid is in part dependent upon's child age, and therefore is considered child's support. The balance of payments, $3000 per month, is alimony.
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Under the terms of a divorce agreement entered into in 2018, Kim
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