Colin and Coleen Divorced in the Current Year

question 14

Essay

Colin and Coleen divorced in the current year.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 15 percent tax bracket and Colin is in the 33 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?

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Definitions:

Unconscious Influence

The impact on behavior and decision-making by factors not consciously perceived by the individual.

Mental Representations

Mental representations are cognitive constructs that enable individuals to process and store information about the world, including images, words, and concepts, facilitating thought and understanding.

Exposure Treatments

Psychological treatments that involve the systematic exposure of a patient to a feared object or context without any danger, in order to overcome their anxiety.

Specific Anxieties

Fears or phobias that are focused on particular situations, objects, or activities.