Under the Alimony Rules

question 64

Multiple Choice

Under the alimony rules:

• A)The income is included in the gross income of the recipient of the payments.
• B)A person who receives a property division has experienced an increase in wealth and thus should be subject to tax.
• C)State law determine what is alimony for Federal income tax purposes.
• D)Payments for child care are included in the child's gross income.
• E)None of the above.

---

Definitions:

Employee

A person employed either on a part-time or full-time basis under an employment agreement, which can be spoken or written, explicit or tacit, and possesses acknowledged obligations and privileges.

Safe Working Conditions

The provision of a work environment that is free from recognized hazards that could cause death or serious physical harm to employees.

Duty Of An Agent

The responsibilities and obligations that an agent has towards their principal, including acting in the principal's best interest.

Principal

In finance, refers to the original sum of money borrowed in a loan, or invested, separate from interest or profit.