The Alimony Recapture Rules Are Intended To

question 51

Multiple Choice

The alimony recapture rules are intended to:

• A)Assist former spouses in collecting alimony when the other spouse moves to another state.
• B)Prevent tax deductions for property divisions.
• C)Reduce the net cash outflow for the payor.
• D)Distinguish child support payments from alimony.
• E)None of these.

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Definitions:

Total Share

The complete amount of stock issued by a company, including all shares currently held by shareholders.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Income Distribution

The way in which total income is shared among the members of an economy.

Insolvent

A financial state where an individual or organization cannot meet its debt obligations as they come due.