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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Business Analysis

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Business Analysis

The practice of identifying business needs and determining solutions to business problems, often through analyzing data and processes.

Economic Analysis

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