Chad is divorced. His divorce was finalized on June 1, 2020. Chad's divorce decree states he is to receive family support payments in the amount of $1,000 each month. In 2022, he received family support payments of $12,000. How much is considered alimony and taxable by California? $0 $1,000 $6,000 $12,000 Since it was before 2018 the $12,000 is taxable?
Chad is divorced. His divorce was finalized on June 1, 2020. Chad's divorce decree states he is to receive family support payments in the amount of $1,000 each month. In 2022, he received family support payments of $12,000. How much is considered alimony and taxable by California? $0 $1,000 $6,000 $12,000 Since it was before 2018 the $12,000 is taxable?
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 13DQ
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Chad is divorced. His divorce was finalized on June 1, 2020. Chad's divorce decree states he is to receive family support payments in the amount of $1,000 each month. In 2022, he received family support payments of $12,000.
How much is considered alimony and taxable by California?
$0
$1,000
$6,000
$12,000
Since it was before 2018 the $12,000 is taxable?
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ISBN:
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Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT