Which of the Following Statements About Divorce Settlements Is True

question 42

Multiple Choice

Which of the following statements about divorce settlements is true?

• A) Property transfers pursuant to divorce have no income tax consequences.
• B) Child support is excluded from the recipient's gross income.
• C) Child support is an above-the-line deduction for the payer.
• D) Statements A. and B. are true.

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Definitions:

Disenchantment

A feeling of disappointment or disillusionment, often resulting from the realization that something is not as it was once believed or perceived to be.

Simulated Job Interview

A practice interview conducted as if it were real, used for training and preparation purposes.

Equally Qualified

refers to two or more individuals possessing the same levels of skills, experiences, and credentials for a particular task or position.

Prefer

To favor or choose something over another due to better suitability or personal liking.