Under the Alimony Rules

question 72

Multiple Choice

Under the alimony rules:

• A) To determine whether a cash payment is alimony, one must consult the state laws that define alimony.
• B) A person who receives a property division has experienced an increase in wealth and thus should be subject to tax.
• C) The income is included in the gross income of the recipient of the payments.
• D) A person who earns $90,000 and pays $20,000 in alimony is taxed on $90,000 because the $20,000 alimony is income assigned to the former spouse.
• E) None of the above.

Recognize the effects of scaling all inputs on output in discrete scenarios provided by the production function.

Evaluate production functions for the presence or absence of diminishing technical rate of substitution.

Determine the impact of specific factor input changes on marginal products.

Identify and describe common reproductive health issues and conditions.

---

Definitions:

Expense Accounts

Accounts used to record business expenses, which reduce net income in the profit and loss statement.

Income Summary

An account used in the closing process that summarizes revenues and expenses to determine the net income or loss for a period.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left-hand side.

Utilities Expense

Utilities Expense refers to the cost incurred from the consumption of utilities services like electricity, water, and gas in the course of business operations.