Alimony Is

question 35

Multiple Choice

Alimony is

• A)deductible by both the payor and the payee.
• B)deductible by the payor and included in income by the payee.
• C)included in income by the payor and deducted by the payee.
• D)an item which does not affect the payor's or the payee's tax reporting.

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Definitions:

Net Exports

The balance achieved by subtracting a nation's total import value from its total export value.

Domestic Investment

Financial investments within a country's borders in the form of business expansions, new construction, and purchases of machinery and equipment.

National Saving

National saving is the total amount of savings generated within a country, typically calculated as the sum of private and public saving.

Net Capital Outflow

The contrast between the investments made by citizens in foreign assets and those made by non-citizens in the nation's assets.