Which of the Following Statements About Alimony Payments Is True

question 127

Multiple Choice

Which of the following statements about alimony payments is true for divorce agreements executed before 2019?

• A)To qualify as alimony, payments must be made in cash.
• B)Alimony payments are includible in the gross income of the recipient.
• C)To qualify as alimony, payments cannot continue after the death of the recipient.
• D)To qualify as alimony, payments must be made under a written agreement or divorce decree that does not designate the payments as "nonalimony" or child support.
• E)All of the choices are correct.

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Probability

The measurement of the likelihood of a specific event or outcome occurring.

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The amount of money that an individual or business must pay for an insurance policy.

Financial Risk

The possibility of losing money on an investment or business venture.

Risk-Averse

A characteristic describing individuals or entities that prefer to avoid risks and favor more certain outcomes.