Under the Terms of a Divorce Agreement Entered into in 2017

question 50

Multiple Choice

Under the terms of a divorce agreement entered into in 2017, Lanny was to pay his wife Joyce $2,000 per month in alimony and $500 per month in child support. For a twelve-month period, Lanny can deduct from gross income (and Joyce must include in gross income) :

• A) $0.
• B) $6,000.
• C) $24,000.
• D) $30,000.
• E) None of these.

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