Desai and Lucy Divorced This Year

question 4

Essay

Desai and Lucy divorced this year.Lucy has custody of their child,Andrea,and under the divorce decree Desai pays Lucy $120,000 per year.The payments must be made in cash and will cease if Lucy dies or remarries.The payments drop to $100,000 per year once Andrea reaches the age of 18.How much of the payments should Lucy include in gross income this year?

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Definitions:

Abolitionists

Abolitionists were individuals, in the 18th and 19th centuries, committed to the movement to end the slave trade and emancipate slaves, operating in both America and Europe, through advocating, campaigning, and influencing legislative change.

Constitution

The supreme law of the United States, establishing the framework for the federal government and outlining the rights of citizens.

Lane Theological Seminary

A historically significant religious institution in Cincinnati, Ohio, known for its debates on slavery and abolition in the 1830s, which had a profound impact on the anti-slavery movement.

Oberlin College

A private liberal arts college in Oberlin, Ohio, notable for being the first college in the United States to regularly admit female and African American students.