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Marylee and George Divorced in 2017 After 20 Years of Marriage

question 12

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Marylee and George divorced in 2017 after 20 years of marriage during which time George gave up his career and stayed home with their children. In 2018, Marylee, the CEO of a mail order company, transfers their home valued at $450,000 and held in joint tenancy to George as part of the divorce settlement. She also agreed to pay George $4,000 per month alimony and $6,000 per month in child support beginning in January of 2018. If George has no other income, what is his adjusted gross income for 2018?

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Definitions:

Success

The achievement of a goal or the attainment of higher status or position.

Message

A piece of information or communication sent from one person or group to another, typically involving a sender, a message, and a recipient.

Specific Purpose

Identifies what you hope to accomplish with your message and what your audience should do or think after receiving your message.

Audience

A group of people who watch, read, or listen to the same thing.

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