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Colin and Coleen are negotiating the terms of a divorce in 2018. Colin is willing to pay Coleen $20,000 of alimony for five years so that she can return to school and obtain a degree. Coleen has stated that she needs no less than $20,000 after taxes and will not accept Colin's offer of alimony. Coleen is in the 12 percent tax bracket and Colin is in the 22 percent tax bracket. How much alimony must Coleen receive to have $20,000 after taxes? What is Colin's after-tax cost of this alimony payment?
Punishing
The act of imposing a penalty or adverse consequence on someone as a response to unwanted or unacceptable behavior.
Adjustment
The process of making small changes to achieve a desired result or fit.
Hospital Schedules
Systems and plans for the timing of medical services and procedures, staffing, and resource allocation within a hospital to ensure efficient and effective patient care.
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