Laura and Leon were granted a divorce in 2019. In accordance with the decree, Leon made the following payments to Laura in 2019: Child support payments contingent on the age of the child $4,000 Annual cash payments, other than child support, specified as alimony in the divorce agreement $6,000 How much should Laura include in her 2019 taxable income as alimony?
Laura and Leon were granted a divorce in 2019. In accordance with the decree, Leon made the following payments to Laura in 2019: Child support payments contingent on the age of the child $4,000 Annual cash payments, other than child support, specified as alimony in the divorce agreement $6,000 How much should Laura include in her 2019 taxable income as alimony?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Laura and Leon were granted a divorce in 2019. In accordance with the decree, Leon made the following payments to Laura in 2019:
Child support payments contingent on the age of the child | $4,000 |
Annual cash payments, other than child support, specified as alimony in the divorce agreement | $6,000 |
How much should Laura include in her 2019 taxable income as alimony?
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