Child Support Is

question 53

Multiple Choice

Child support 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:

Enterprise Resource-Planning System

Integrated software applications designed to manage a company’s resources, processes, and information across all functional departments.

Just-In-Time System

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, aiming to have the exact amount of material, at the right time, and the right place.

Offshore

The practice of moving some of a company's operations or services to another country to capitalize on lower costs or favorable regulations.

Strategic Consequences

The outcomes or impacts that result from the implementation of specific strategies or decisions within an organization or nation.