Thomas and Sally Were Divorced Last Year

question 91

Multiple Choice

Thomas and Sally were divorced last year.As a result,Thomas must pay Sally alimony of $100,000 per year starting this year and relinquish the house and car with a combined value of $170,000 and a combined cost basis of $155,000.The house and car are given as a property settlement.As a result of these transactions Thomas has a deduction of

• A)$100,000.
• B)$155,000.
• C)$170,000.
• D)$270,000.

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Definitions:

Classes

Categories or groups into which data can be divided based on certain characteristics or attributes.

Relative Frequencies

The measures showing the number of times a certain event occurs in relation to the total number of events, often expressed as a percentage or fraction.

Sample Size

The number of observations or entities included in a sample, which represents a portion of the total population.

Cumulative Frequency

The running total of frequencies up to a certain point in a set of data.