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:

Suicide Method

The specific means or technique by which an individual attempts or completes suicide.

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Refers to adult human females.

Poisoning

The harmful effect that occurs when a toxic substance is ingested, inhaled, or comes into contact with the skin or eyes.

Bipolar Disorder

A psychological state identified by significant shifts in emotion, involving periods of high energy and elation (mania or hypomania) and phases of deep sadness (depression).