Which of the Following Is Not a Requirement for an Alimony

question 111

Multiple Choice

Which of the following is not a requirement for an alimony deduction?

• A)The payments must be in cash.
• B)The payments must cease upon the death of the payee.
• C)The payments must extend over at least three years.
• D)The payor and payee must not live in the same household at the time of the payments.
• E)All of the above are requirements for an alimony deduction.

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Definitions:

Consolidated Balance Sheet

A financial statement that combines the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries into one document.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Book Value

The value of a company or asset according to its financial statements, calculated as total assets minus intangible assets (like patents) and liabilities.

Trademark

A recognizable sign, design, or expression which identifies products or services of a particular source from those of others.