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Dick and Jane Are Divorced in 2011

question 11

Essay

Dick and Jane are divorced in 2011.At the time of the divorce, Dick had a lawsuit pending.He had filed suit against a former employer for overtime pay.As part of a divorce agreement, Dick agreed to pay Jane one-half of the proceeds from the lawsuit.In 2012, Dick collected $250,000 from the former employer and paid Jane $125,000.What are the tax consequences for Dick receiving the $250,000 and then paying Jane the $125,000?


Definitions:

Postsynaptic Membrane

The part of the cell membrane of a neuron that is on the receiving end of a synapse, where neurotransmitter receptors are located.

Excitatory Postsynaptic Potential

A temporary increase in synaptic potential that makes a post-synaptic neuron more likely to generate an action potential.

Hyperpolarized

A state in which a cell's membrane potential is more negative than its normal resting potential.

Synapse

A junction between two nerve cells, consisting of a minute gap across which impulses pass by diffusion of a neurotransmitter.

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