George and Georgette Divorced Last Year

question 43

Multiple Choice

George and Georgette divorced last year.George was ordered to pay (and does pay) Georgette $600 per month alimony and $800 per month child support.In addition,George transferred title to his half of their stock to Georgette last year.The stock had a basis of $120,000 and a fair market value of $260,000 at the date of the transfer.This year Georgette sells the stock for $280,000.What is Georgette's income for this year if she has no other income items?

• A)$7,200
• B)$19,200
• C)$159,200
• D)$167,200

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Definitions:

Feminists

Individuals who advocate for gender equality and women's rights, focusing on issues such as political, economic, personal, and social equality of sexes.

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The Nixon Administration denotes the executive branch of the U.S. government led by President Richard Nixon from 1969 to 1974, noted for significant events such as the Vietnam War's end, the Watergate scandal, and diplomatic relations with China.

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