Charles and Camilla Are Getting Divorced

question 9

Multiple Choice

Charles and Camilla are getting divorced.Under the terms of the decree Charles will pay Camilla $50,000 in cash in each of the next five years (or until Camilla's death or remarriage) .In addition,Charles will transfer a castle worth $2,000,000 to Camilla and pay $12,000 per year to support their son,Clyde,until he turns 19 years old.What amount (if any) is included in Camilla's gross income this year?

• A) $2,062,000
• B) $12,000
• C) $50,000
• D) $2,050,000
• E) None of the payments are included in gross income

---

Definitions:

Asset Map

A visual or descriptive inventory of the resources, strengths, and capacities available within a community or organization.

Needs Assessment

A systematic process for determining and addressing needs, or gaps between current conditions and desired conditions or wants.

Programming Decisions

Choices made during the development of software that affect how a program operates or responds to user inputs.

Service Gaps

Refers to the difference between customer expectations for service quality and the actual service delivered, often used in marketing and customer service analysis.