Under a Court-Ordered Decree of Separate Maintenance Executed in 2017,Pillar

question 32

Multiple Choice

Under a court-ordered decree of separate maintenance executed in 2017,Pillar is required to pay her ex-husband,Miguel,$4,750 a month until their youngest son turns age 18.At that time,the required payments are reduced to $2,100 per month.How much of each payment is deductible by Pillar as alimony for 2017?

• A)$6,850.
• B)$4,750.
• C)$2,100.
• D)$0.

---

Definitions:

Price

The amount of money required to purchase a good or service, often determined by supply and demand in the market.

Demand

The quantity of a product or service that consumers are willing and able to buy at a given price over a specified period of time.

Price

The expenditure needed to secure a product, service, or piece of property.

Price-discriminating Monopolist

A monopolist that sells the same product at different prices to different groups of consumers, usually to maximize profits by capturing consumer surplus.